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Employees State Insurance Act, 1948

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Employees State Insurance Act, 1948

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An Act to provide for certain benefits to employees in case of sickness, maternity and ‘ employment injury ‘ and to make provision for certain other matters

SKU: IL-ESIA-1948 Category: Tag:

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Employees State Insurance Act, 1948 to provide for certain benefits to employees in case of sickness, maternity and ‘ employment injury ‘ and to make provision for certain other matters in relation thereto.
What are the benefits of Employees State Insurance Act 1948?
Unemployment Allowance equal to 50% of wage for a maximum period of upto Two Years. Medical care for self and family from ESI Hospitals/Dispensaries during the period IP receives unemployment allowance. Vocational Training provided for upgrading skills – Expenditure on fee/travelling allowance borne by ESIC.
What does Employees State Insurance Corporation do?
The Employees’ State Insurance is a social security scheme that is aimed at delivering medical care and other benefits available to the employees and workers employed in factories, organisations, and other establishments. The ESI scheme works as a for a worker/employee and their family members.
How is ESI calculated?
The rates of the ESI contribution are calculated on the wages paid. Currently, the employee contribution is 0.75% of wages paid/payable, and employer contribution is 3.25% of wages paid/payable. Illustration: … The onus of deducting the contribution and depositing the same is on the employer.

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