Setting up ESI for your Organization
Navigate to Tax and Statutory Compliance → Statutory Components → Insurance.
Select the Insurance Configuration tab and then click the Edit icon.
The ESI employer contribution rate, employee contribution rate, and the monthly salary eligibility limit are pre-defined in accordance with statutory regulations.
You can also select whether to allow overriding the ESI contribution rate at the employee level during salary configuration for that specific employee.
Additionally, you can enable Arrear ESI Calculation to include ESI contributions on arrears.
Fig: ESI-Insurance Configuration
Related Articles
Setting up EPF for your Organization
To configure EPF for your organization, navigate to Tax and Statutory Compliances → Statutory Components → Provident Fund and click the Edit icon. Enter your EPF Number, which can be found in the registration letter received from the Employees’ ...Setting up Gratuity for your Organization
Navigate to Tax and Statutory Compliances → Statutory Components → Gratuity Enable the Gratuity Option. Set the Eligibility Criteria(eg: Minimum years of Service) The calculation formula in the Gratuity settings is pre-defined as: Last Drawn Basic × ...Employee State Insurance (ESI)
This is a self-financing social security and health insurance scheme applicable only to employees whose monthly salary is ₹21,000 or less. The employees’ contribution for ESI is 0.75% of Gross Pay and your contribution would be 3.25% of Gross Pay.Setting up NPS for your Organization
Navigate to Tax and Statutory Compliances → Statutory Components → NPS Click the Edit icon. Set the contribution rates for Employee and Employer shares, and enable the option to include NPS in arrear calculations. Save Configuration. Fig: National ...Setting up PT for your Organization
Navigate to Tax and Statutory Compliances → Statutory Components → Professional Tax The tax slabs will be pre-configured based on the state. Modify the existing tax slabs(if needed). Based on the configuration, PT deductions will be applied ...