ESI Return Filing
ESI Return Filing - Applicability: The ESI Act extends its coverage to organizations with ten or more employees and furnishes medical and cash benefits to insured individuals and their families. Contribution: Both employees and employers are obliged to contribute a set percentage of the employee’s gross salary. As per my last knowledge update, employees contribute 1.75% of their gross salary, while employers contribute 4.75% of the gross salary.
Benefits
For Employees: The ESI Act confers upon employees the advantage of medical facilities and cash benefits during periods of sickness, maternity, and disability, and ensures the financial well-being of their families in the event of the insured person’s demise. For Employers: Complying with social security norms guarantees a healthy and productive workforce, accentuating the employer’s commitment to the welfare of their employees. ESI Return Due Date: 15th of every month
