The Employees' State Insurance Corporation (ESIC) is a government-corporation formed under the Ministry of Labor and Employment, Government of India. ESI registration becomes mandatory in case of a company earning less than that employee in accordance with the rules of 10 or more (in some cases, it can be 20 employees). As per the Act, employees who receive 15000 or less salary per month are required to contribute 1.75% of their ESI and the company will have to contribute 4.75%.
The ESIC scheme has been introduced for Indian workers. According to the scheme, employers will be benefited with certain medical, monetary and other facilities.