Please read this information on Employees' State Insurance (ESI) contribution as it may affect numerous among you as some of you might be contributing on behalf of your employees or maybe a part of the scheme.
It is worthwhile to know about ESI which stands for Employees' State Insurance. It is a health insurance scheme for Indian workers to provide medical and cash benefits to them. It is managed by Employees State Insurance Corporation (ESIC). ESIC is an autonomous corporation under Ministry of Labor and Employment, Government of India.
The entrepreneurs need to take note of it as ignorance of orders is no excuse and you will unnecessarily end up paying a higher amount which may not be even recoverable or adjustable post hassles. So bring this post to the notice of your bosses and HR deptt so that correct contribution rate for ESI is levied which is valid from 01 Jul 2019.
Do fill your email in free subscription inbox to get updates in your email free of cost related to latest market tips to help you make and save money.
It is worthwhile to know about ESI which stands for Employees' State Insurance. It is a health insurance scheme for Indian workers to provide medical and cash benefits to them. It is managed by Employees State Insurance Corporation (ESIC). ESIC is an autonomous corporation under Ministry of Labor and Employment, Government of India.
The entrepreneurs need to take note of it as ignorance of orders is no excuse and you will unnecessarily end up paying a higher amount which may not be even recoverable or adjustable post hassles. So bring this post to the notice of your bosses and HR deptt so that correct contribution rate for ESI is levied which is valid from 01 Jul 2019.
Do fill your email in free subscription inbox to get updates in your email free of cost related to latest market tips to help you make and save money.
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