Business

India — Business: Social Security

India's social security system for employees centers on the Employees' Provident Fund (EPF, a retirement savings scheme, 12% employer + 12% employee contribution) and Employees' State Insurance (ESI, a health/disability insurance scheme for employees earning up to ₹21,000/month). Under the Code on Social Security, coverage has been expanded beyond traditional employees to include contract workers, fixed-term employees, and in some cases gig/platform workers. The definition of an 'excluded employee' for EPF purposes remains tied to a ₹15,000/month wage ceiling, unchanged in 2026.

Code on Social Security, 2020 / EPFO · Last verified 2026-07-20

Key Facts

  • EPF (retirement savings): 12% employer + 12% employee contribution; 'excluded employee' wage ceiling remains ₹15,000/month.
  • ESI (health/disability insurance): covers employees earning up to ₹21,000/month (₹25,000 for persons with disability).
  • The Code on Social Security expanded coverage to contract workers, fixed-term employees, and in some cases gig/platform workers — a significant broadening beyond traditional permanent employees.
  • Both schemes are jointly funded by employer and employee contributions, deposited monthly.

Required Documents

  • UAN (Universal Account Number) for EPF
  • ESIC registration for eligible employees

Common Mistakes

  • Assuming social security obligations apply only to permanent full-time employees — the Code on Social Security extends coverage to contract, fixed-term, and some gig workers as well.

Related Topics

payrollhiring-employees
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