ESI Return filing
ESI stands for Employee State Insurance. It provides protection to health-related employees including medical and disability benefits. The ESI Act, 1948 indicated that the employees whose revenue was Rs. 15000 per month or even less, they are required to contribute to the ESI Fund with a mandatory 1.75%. However, employers will have to pay 4.75% in the ESI scheme.
Benefits of ESIC:
The Employees State Insurance Corporation provides various benefits to the employees registered under the ESI Scheme. Here, we are mentioning some benefits:
ESIC provides medical treatment to registered employees. It not only helps the employees but it also provides the same facility to the family members of the employees.
ESIC provides unemployment cash benefits to employees.
It also facilitates women who are on their maternity period. The ESIC grant excludes female employees in that period.
ESIC gives benefits of certain illnesses to employees regarding many diseases.
ESIC also provides rehabilitation stipend.