Calculate estimated employee and employer ESI contributions based on monthly wages with the FalcoHR ESIC calculator.
Employees' State Insurance (ESI) is a social security scheme for eligible employees. Contributions are made by employees and employers according to applicable statutory rules.
Eligible employees contribute a percentage of applicable ESI wages according to the applicable ESIC contribution rate.
Employers contribute their applicable statutory share for eligible employees.
ESI contribution is calculated using applicable wages and eligibility rules.
ESI applicability depends on employee wages, establishment coverage and other conditions prescribed under applicable ESIC rules. Employers should verify current statutory requirements before processing payroll.
FalcoHR payroll software helps businesses manage employee salary processing and applicable statutory deductions from one platform.
Manage payroll and statutory deductions with FalcoHR.
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