What is ESIC and pf contribution for employee?

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ESIC is a social security scheme in India that provides medical and cash benefits to employees and their dependents. PF is a retirement savings scheme.

ESIC stands for Employees' State Insurance Corporation.
It is a social security scheme in India that provides medical and cash benefits to employees and their dependents.
ESIC is applicable to establishments with 10 or more employees.
The contribution towards ESIC is shared between the employer and the employee.
The employee's contribution towards ESIC is 0.75% of their wages, while the employer's contribution is 3.25% of the employee's wages.
ESIC provides medical benefits such as free medical treatment, maternity benefits, disability benefits, and more.
PF stands for Provident Fund.
It is a retirement savings scheme in India.
Both the employer and the employee contribute towards the PF.
The employee's contribution towards PF is 12% of their basic salary and dearness allowance.
The employer's contribution towards PF is also 12% of the employee's basic salary and dearness allowance.
The PF amount can be withdrawn by the employee upon retirement or after a certain period of service.
The PF amount also earns interest over time.

What is ESIC and pf contribution for employee?

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