The ESI Scheme is financed by contributions from employers and employees. Employer has to pay the monthly contribution online. For this contribution details shall be updated either by importing data from MS Excel or updating it online. Once this is done, employer can create a Challan and proceed with payment.
Contributions of employers' share @ 4.75% of the wages and employees' share @ 1.75%of the wages shall be paid within 21 days of the following month in which the wages fall due. Employees earning less than Rs.100 a day as daily wages are exempt from payment of their share of contribution.