Hai HR Folks
One employee was joined in organization in the month of Jan-2022 with a monthly salary of Rs.20000/- and his name was included in ESIC.
After completion of his service his salary has been revised from 20000/- to 23000, now he is not eligible for ESIC (Wage limit is 21000/-).
My question can we continue his name in ESIC or NOT, If continue how can we continue ? how much wage ? we to show in ESIC.
MOST URGENT PLEASE
From India, Warangal
5One employee was joined in organization in the month of Jan-2022 with a monthly salary of Rs.20000/- and his name was included in ESIC.
After completion of his service his salary has been revised from 20000/- to 23000, now he is not eligible for ESIC (Wage limit is 21000/-).
My question can we continue his name in ESIC or NOT, If continue how can we continue ? how much wage ? we to show in ESIC.
MOST URGENT PLEASE
From India, Warangal
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
When his salary crossed Rs 21000, he became out of ESI coverage from the next contribution period onwards. That is if his salary increase has taken place in February 2023, then he will continue to be in ESI for one more month and from April onwards he will be out of ESI. But the ESIC has come up with a new scheme whereby the employee can retain their ESI coverage even after their increase in salary beyond Rs 21000. The date on which the same will be made effective and other details are not known right now, but I will get it very soon.
From India, Kannur
From India, Kannur
IF EMPLOYEE IS MORE THEN 21000/- Take health insurance / workmen comp Policy for the employees.
With Regards,
Karunakaran Y N
www.klpcorporateservices.com
+ 7338493555
From India, Bengaluru
With Regards,
Karunakaran Y N
www.klpcorporateservices.com
+ 7338493555
From India, Bengaluru
Revision in Basic wage wef Mar 2014 Gazette.pdf
ESIC Wage Limit Increased.JPG