PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Harsh Kumar Mehta
Consultant In Labour Laws/hr
General Manager Finance
Manager -hr & Liaisoning
Assistant Engineer, Indian Telephone Industries,
CA Darshan Balai
ashu.coolDear Varun, There is no notification released as of now for the increment of ceiling limit of ESI. I guess it will get released by the end of financial year.
From India, Kollam
vijaykumar_ciDear Varun , Your query is very good. Present limit is Rs:15000/-. can you share from were you got the info esic limit is Rs:25000/- from 15000/-. Regards
From India, Hyderabad
Current wage ceiling of ESIC is 15000.But bill has been passed before a few months to raise it to 25000(the information had been circulated via medias),but not yet came into effect.I think the effective date will be intimated soon.
From India, Alappuzha
abbasitiDear Varun Kumar, There was news in medias that it is decided to hike the ESI ceiling limit from Rs. 15000 to Rs. 25000. But, to my knowledge, the notification didn’t release yet. Abbas.P.S
From India, Bangalore
sathishkumar.GDear All, Greetings Kindly go through the press note for revision of ESIC Cealing limit from 15,000/- to 25,000/- the GO may released by the month on March 2014..... Regards Sathish G
CA Darshan BalaiMr. Varun,
The ESIC Wage Limit as of now stands at Rs.15000. The Cental Labour Minister had made a populist announcement of raising the wage limit to Rs.25000. However, there is no notification to that effect as of now.
Thanks and Regards,
From India, Pune
HARIOM SHARMA-SEPLDear Cite HR Fellows How corporate employee/employer should accept on raising the limit for ESI deductions I following 2 questions:
1. Has the ESI department added additional hospitals to provide service to the possible increased number of members?.
2. Has the ESI department will be in agreement with market of medical insurance providing companies or with IRDA rules with respect to contribution
From India, Delhi
Harsh Kumar MehtaSir(s),
(1) I understand that the appropriate Government (Ministry of Labour & Employment, Central Government) has not so far issued notification of its intention to amend Rule 50 of ESI (Central Rules), 1950 regarding enhancement of wage ceiling under ESI Act, 1948. Therefore, till date the wage ceiling is upto and including Rs.15000/- per month only and has not been enhanced.
(2) The issue of additional medical facilities for employees getting wages within range of Rs. 15001/ to 25000/- is a very relevant issue and this aspect can be raised by the affected persons( i.e. employees, employers and their trade unions/ employers' associations) after the notification of intention will be issued by the appropriate government.
(3) ESI Act, 1948 is a mechanism vide which social security benefits are provided to the employees in cases of sickness, maternity and employment injury etc. It is different than commercial insurance. The provisions of benefits under ESI Act, 1948 has no relevance with IRDA Rules or Medical Insurance Policies as being offered by different commercial Insurance Companies. Further, the level of medical facilities provided by the commercial insurance companies are limited to the extent of contract (for which the premium is to be paid), whereas under ESI Act, 1948 and rules/regulations framed thereunder there is no such limit so far as medical benefit is concerned.
From India, Noida
It is clear that ESIC ceiling limit will increase soon from Rs.15000/- to Rs.25000/- but there is doubt about employees benefit as a whole. Because in every company there is a fixed budget of salary including statutory liabilities and hence this is adversely affected to employees' earnings like salary, incentives, bonus, group madiclaim etc. On the other hand quality of services provided by ESIC is not up to the mark, its dispensaries are also limited in numbers as well as in working time, further it has no tie-up with local reputed hospitals and there is also observed a partiality to refer private hospital.
Let us hope for qualitative services from ESIC without any partiality.
From India, Vadodara