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Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
Employees' State Insurance (abbreviated as ESI) is a social security and health insurance fund for Indian workers. The fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948.
However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per sec.2(b) of the act. In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund).
This was created by the Employees' State Insurance Act 1948. [ 31 ] The Unorganised Workers' Social Security Act 2008 (repealed in 2020) was passed to extend the coverage of life and disability benefits, health and maternity benefits, and old age protection for unorganised workers.
This page was last edited on 26 September 2019, at 10:57 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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Calcutta Port (Pilotage) Act: 1948: 33 Employees' State Insurance Act: 1948: 34 Census Act: 1948: 37 Diplomatic and Consular Officers (Oaths and Fees) Act: 1948: 41 Coal Mines Provident Fund and Miscellaneous Provisions Act: 1948: 46 Oil Fields (Regulation and Development) Act: 1948: 53 Territorial Army Act: 1948: 56 Central Silk Board Act ...