The Employee State Insurance or ESI is a prominent scheme by Government of India, which provides medical, monetary and other benefits to workers. It is an autonomous body termed as Employee State Insurance Corporation, and its operations are managed under Ministry of Labour and Employment. According to the labor law, the companies that have more than 10 employees need to have an ESI. The taxpayers having turnover less than Rs.1.5 Cr. can apply for composition scheme to get rid of tedious GST formalities and pay GST at a fixed rate of turnover.
