Rate of Contribution towards ESIC

 

 

Currently the employee’s contribution rate towards ESIC (w.e.f. 01.07.2019) is 0.75% of the wages and that of the employer’s is 3.25% of the wages paid/payable in respect of the employees in every wage period.

 

However, this rate keeps on changing from time to time. 

 

 

Contribution Period and Benefit Period

 

 

There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration.

 

 

 

Benefits of ESIC Registration

 

 

The benefits of registering under this scheme are varied. Some of them are:

 

• Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness and which lasts for a maximum of 91 days in any year.

 

• Medical benefits to an employee and his family members.

 

• Maternity benefit to the women who are pregnant (paid leaves).

 

• If the death of the employee happens while on work – 90% of the salary is given to his dependents in the form of a monthly payment after the death of the employee.

 

• Same as above in case of disability of the employee.

 

• Funeral expenses.

 

• Old age medical care expenses.

 

 

 

Why UpriseLegal For ESIC Registration?

 

 

With our experienced and skilled personnel, We at UpriseLegal makes process of ESIC registration very smooth and helps you in each and every step at a very affordable prices. You don’t have to worry on ESIC registration as UpriseLegal is there to provide all the assistance that you need.We follow law to the core and uses our knowledge to avoid any hassles in your business so that you can rise and grow!  You may get in touch with our compliance manager on 9173512402 or email us at info@upriselegal.in for free consultation.