I have joined ina Ltd. co. recently with a basic salary of Rs5000/-. I want to know If ESI is applicale to me, and the ways where I can be Saved from ESI so that I can avail Medical Reimbursement Benefit from my Co.
As mentioned in the earlier posts, ESI is calculated on the total gross salary. You said that your basic salary is INR 5000, please note that apart from basic, in case there are some other components also in your salary, like HRA, Conveyance etc and the total is above INR 10000, then you are exempt from the scheme; else you may have to bea the same till your gross salary goes to INR 10000.
From the comments above I have observed that Law and Views are being mixed up quite often.When we are discussing law points we must be sure about the view expressed.
Here in this case,It has to be clarified that ESI Scheme is a Mandatory Scheme of the Govt of India and is a good Scheme. We should try to explore the benefits under the scheme.The Wage Ceiling as of now is Rs.15,000/- and not Rs.10,000/- as mentioned by some members. For a brief summary may visit www.wobeen.com
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