OneFinOps
Sign in Book a Demo
Glossary / Also known as

ESI scheme

Another name for Employee State Insurance (ESI).

Other names
Read the full definition All terms

What does ESI scheme mean?

ESI scheme is another name for Employee State Insurance (ESI). A social security and health insurance scheme for Indian workers providing medical, sickness, maternity, and disability benefits.

The two names mean the same thing. You will see "ESI scheme" in some ledgers, reports and contracts and "ESI" in others. The full entry covers how it works, with examples.

Read the full definition of Employee State Insurance (ESI)

Topics

From the glossary

Related terms.

Payroll and labour compliance Employee State Insurance (ESI) A social security and health insurance scheme for Indian workers providing medical, sickness, maternity, and disability benefits. Also called ESIC, ESI contribution, ESI scheme Payroll and labour compliance Provident Fund (PF) A mandatory retirement savings scheme where both employer and employee contribute a portion of the employee's salary each month. Also called EPF, employees provident fund, EPFO contribution Payroll and labour compliance Labour Compliance Adherence to India's extensive employment and labour laws covering wages, working conditions, social security, and industrial relations. Also called labour law compliance, labor compliance, HR compliance Payroll and labour compliance Minimum Wages Act, 1948 India's central labour legislation mandating minimum wage rates for workers employed in scheduled employments. Also called Minimum Wages Act 1948 Payroll and labour compliance Factories Act, 1948 The central legislation governing the health, safety, welfare, and working conditions of workers employed in factories in India. Also called Factories Act 1948 Payroll and labour compliance Industrial Disputes Act, 1947 The central legislation providing mechanisms for investigation, settlement, and prevention of industrial disputes in India. Also called Industrial Disputes Act 1947, ID Act
From the blog

Related posts.

Compliance Statutory Compliance Checklist for Companies in India A statutory compliance checklist lists every filing Indian law requires of a company, with due dates: Companies Act, GST, TDS, PF, ESI and professional tax. OneFinOps Editorial 3 min
Book a Demo