ESI in full terms is known as Employee’s State Insurance. But here is the catch, the real meaning is that ESI is for Employees also the employee can from private or from the government.
It can only be claimed on health issues.
Also, employees or workers who have a gross salary equal to ₹21000 or must be below ₹21000 are eligible under this scheme.
ESI was made legal in 1948 and is managed by the Central Government.
Not going much into complexities right now. We can start this with an example, think like Rohan is an employee who is paid 20,000Rs /month. Now he’s totally coming under the ESI scheme and can avail its benefits.
Now to calculate what he actually get’s in hand that depends on many things but in short take only ESI as a deduction, in this case,