ESI Limit likely to increase - taxable income.. CiteHR
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ESI Limit Likely To Increase - Taxable Income

pramodthakar Started The Discussion:

It is heard that ESIC limit is likely to be increased upto Rs. 25,000/-. Such discussions / meetings are going on between the concern authorities.

Any body have confirm news about it ?

Regards,
Pramod Thakar

packiaraj83 - Contributing Member
Dear Pramod,

i dont know how you got this information about ESIC amount increasing rs. 25000/-.

if ESIC increased they will send official letter to company or published any one news paper.

or if you want confirm please go ESIC office and get information from them.

P.Packiaraj

kumaracme - Contributing Member
If they increase wage limit of ESI to 25K, naturally they have to increase EPF Contn limit to 25k and Bonus limit to 25K, but why there is a disparity between these acts. Can any one clarify ?

Dear Pramod, So far I have not heard anywhere that ESI limit is increased. Normally any such news, concerned authoritieswill communicate well in advance Regards V Rama Murthy GM - HR

Krishan Kapoor - Contributing Member
I think we should not discuss the matters on assumption / rumors. If you have some solid ground it is welcome. Best wishes,

pramodthakar - Contributing Member
Dear All,

Thanks for your comments.

I had shared the information which I received.

This is not at all on assumption basis. These comments I heard from from ESIC Office, when there was a official meeting
held in the office of ESIC Pune. Fortunately I had visited to the said office for some work and the concern officials were
not at place and upon the inquiry I heard this news. There might be a primary stage, might be they are taking review from their Regional / Sub-regional offices.

Thanks & Regards,
Pramod Thakar

sivaipm - Contributing Member
Dear All,
Proposals like this may be put forward for approval by depts. and the final figure arrived might be much less. This happens in all departments, including price rise etc. So even if such proposals are being discussed, the final figure may be much less and may take many years before approved.

I also would like to point out that this may be objected by many and is not practical in many cases. Such a figure also covers employees having taxable income and many staff under executive cadre who do not wish to take any medical assistance from ESIC.

So it is better to avoid discussing these issues. Let the notification/ order be released for us to discuss.
Regards
Siva

harinder_boparai2000 - Contributing Member
Dear Sir, Cud anyone tell me the current ESIC Limit and how much amout of funeral benefit according to ESIC and also tell wt provision in the death case acdng to ESI. Thanks & Regards, Harinder Singh

dineshpillai - Contributing Member
Dear Seniors actually ESIC officials have the proposal to increase the ceiling up to 25,000/- the reason is employer are doing some kind of malpractices like

an Ex. if a employee is drawing 14500/-p.m.

EE cont. is Rs. 254
ER cont. is Rs. 689

total Rs. 943

instead of paying 14500/- to employee and EE+ER cont. 943 contributing to ESIC and employee is not having much benefits.

this is the reason why employers(HR)are skipping ESI coverage.

Because of this reasons ESIC is not ready to loose the contributions. more over all companies are paying salary near to 15000/-

Under these circumstances ESIC is planning to increase ceiling up to 15,000/-

If anythinng found wrong "im sorry"

With Culinary Regards

Dinesh L.

challapalli - Contributing Member
hi all, Can anybody provide Form VII Notice of Change under AP Shops and Establishment Act, 1988 Thanks in advace, Anil kumar 8121755792

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