ESI refers to Employees' State Insurance. This is a self-financing social security and health insurance scheme for the working class and is run by ESI Corporation. The rates for contribution (deduction) to
ESI (Employee State Insurance) are determined as a percentage of the employee's wages, with the employer and employee sharing the contribution.
- For employees, ESI deduction rate is 0.75% of the ESI Gross salary.
- For employer, ESI contribution is at the rate of 3.25% of the ESI gross salary.
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