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ESIC Returns
Understanding ESIC Returns
ESIC Returns
The Employee State Insurance (ESI) scheme is mandated for factories and establishments outlined in the Act, provided they employ 10 or more individuals.
Crucially, employees earning a monthly wage below Rs 21,000 fall within the scheme’s coverage. It’s important to note that regardless of salary, all employees hired by the employer are considered for determining scheme applicability.
Unlocking Growth Potential with a ESIC Returns
ESIC Rates for Deduction from Salary
Particulars | Reduced Rate |
Employer Share | 3.25% |
Employee Share | 0.75% |
Total | 4% |
Why Choose Sandeep Nalla And CO. for Your ESIC Returns
The Employees’ State Insurance Corporation (ESIC) is a statutory body that administers the ESIC scheme, providing social security benefits to employees in India.
Embracing the ESIC Returns
Take the First Step Toward Growth and Stability with Sandeep Nalla And CO