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HR, Attendance & Payroll
ESIC (Employee State Insurance)
A social security scheme in India providing medical and cash benefits to employees and their families.
ESIC (Employee State Insurance Corporation) is a mandatory scheme for factories with 10+ employees. Both employer and employee contribute.
Contribution Rates (as of 2024)
- Employee Contribution: 0.75% of gross wages
- Employer Contribution: 3.25% of gross wages
Benefits
Medical treatment, maternity benefit, disability benefit, and sickness benefit for covered employees.
See ESIC (Employee State Insurance) in Action
Don't just read about ESIC (Employee State Insurance). See how Karygar automates this process to reduce manual work and errors on your factory floor.