Employees State Insurance - Calculations/Practices in India

Course details

Course Overview:

A number of labour laws are applicable to a business organization. Therefore, each organization needs to understand such laws so that they can be complied with in all aspects of the organization. This course gives you a firm grounding in both the theory and practical application of Employees State Insurance Act, 1948. 

We will cover topics such as Understanding the meaning of Payroll, Various stages in Payroll Process, Pay Cycle, Applicability and Coverage of the ESI Act, Contribution & Benefits Periods, Code & Sub Code Numbers, Meaning of "Wages" under ESI Act, Monthly workings under ESI and Calculations for Interest and Damages and so on.

Additionally, you will study typical cases in Employees State Insurance. Finally, the course will walk you through 14 different practical scenarios at an organization.

Employees State Insurance course is one of the six courses of "Payroll - Compliance and Management".

This course on Employees State Insurance, a self financing health insurance scheme, gives insights on:

• The management of payroll of the employees
• Explains recent amendments / developments in this field.
• Covers both the compliance and practical aspects that are highly useful while processing employees' salary. 
• Acts as a guide for those handling Payroll function and thereby facilitate the processing of salary on time.

Upon successful completion of this course, you will be able to:

• Comprehend all the nuances of Employees State Insurance.
• Independently handle the deductions or workings towards ESI from the monthly salary of the employees under various possible circumstances.
• Develop an in-depth understanding of typical scenarios (or cases) under ESI that you would come across while handling the ESIcalculations. 

This course has been structured based on the decade long experience of the author in payroll. We at Perfect Skills would say this course shall accelerate the career growth for both the freshers and mid level executives handling Payroll either in Human Resources or in Accounts & Finance.

What will you gain from this course?

Understand the Compliance under Employees State Insurance.

The ability to calculate deductions towards ESI.

Cases covered shall enable you to handle similar scenarios at work.

The ability to handle payroll tasks independently.

Pre-requisites:

This course shall start with the fundamentals.

However skills required include,

Basics in mathematics such as Addition, Subtraction, Multiplication and Division.

No prior knowledge or understanding in Law, Business or Finance is required.