ESIC (Employee State Insurance Corporation)
In India, there are number of labour laws which are to be complied by an establishment, ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.
By virtue of this requirement, any factory or business establishment having 10 or more than 10 employees, irrespective of the pay scale, have to register with ESIC and make regular contributions under ESIC as required by the prevailing law. For ease of reference, the following are required to obtain the registration—
We at AcuCorp Advisors provide you a detailed understanding of the contributions, which are to be made under ESIC and obtain the registration with ease while setting up your business.