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Employees’ State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers. This fund is managed by the Employees’ State Insurance Corporation (ESIC) according to rules and regulations stipulated there in the ESI. The promulgation of Employees State Insurance Act. Electronic discovery (also e-discovery or e-discovery) refers to discovery in legal proceedings such as litigation, government investigations, or Freedom of Information Act requests, where the information sought is in electronic format (often referred to as electronically stored information or ESI).
An ESI ID, or Electric Service Identifier, is a 17-digit number found on an electric bill that is unique to a property address. If a property has multiple meters at one address, such as an apartment complex, each meter will have a separate ESI ID.
Currently, the employee’s contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.100/- are exempted from payment of contribution. Get a free consultation for ESIC Registration (1-2 days) with Filling and Business Setup in India by Scheduling an appointment with an Adhimukti Associates Advisor.
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