Employee State Insurance
All Groups
ESI is short for Employee State Insurance. It’s a government scheme that supports lower-income employees with medical care, sick leave, maternity, and other benefits. If someone earns ₹21,000/month or less, they’re usually covered.
As an employer, you contribute a fixed percentage, and so does the employee. The money goes to the ESIC, and employees can access services through their network hospitals. If your company crosses the threshold, ESI compliance becomes mandatory — and most payroll tools now handle the contributions, challans, and reports automatically.
Related Glossary
Decide with confidence.
You must conduct thorough research and read user reviews to choose the best software for your needs. So, take a look at our website to understand better!