Sr.manager - Hr&admin

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hi All,
Understand that ESIC is applicable, even if employees are receiving 21 k, please advise, if there is an alternative to it like Group Insurance or something similar.
What do other companies do?

Exemption of ESI is permissible from operation of provisions of the Act subject to the condition that the employees in a covered factory or establishment are other-wise in receipt of benefits substantially similar or superior to those provided under the ESI Act. An exempted application unit has to apply for renewal three months before the date of expiry of the prior exemption.
Exemption under Section 90 is granted to a factory/establishment belonging to a local authority such as a Municipality/Corporation, etc. if employees in any such factories/establishments are otherwise in receipt of benefits substantially similar or superior to the benefits provided under the Act

Please Login To Add Reply

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™