Understanding ESI Contribution and Calculation in 2024

Introduction: The Employee State Insurance (ESI) is an essential social security and health insurance scheme in India aimed at providing financial support for events such as employee illnesses, maternity, workplace accidents, and medical expenses for family members. Enterprises, particularly year-round factories with a minimum of 10 employees (or 20 in specific regions) and a salary limit of INR 21,000, must register for ESI within 15 days of fulfilling eligibility standards.