Dear Annushaavaddi,
Under ESI Act, there are two contribution periods and two corresponding benefit period. If salary of an employee is more than Rs. 150000 in the beginning of contribution period, he should be de-covered from ESI. If the salary is increased in between the contribution period, the employee is continuied to be under ESIS till the end of said contribution period.
As regards to benefit, the employee is entitled to get benefit till the corresponding benefit period gets over, subject to certain conditions.
My reply to your query is not elaborate one with intention. I wish to have further discussions by other members in this regards. This will help all of us to enhance our knowledge.
Thanks with regards.
Keshav Korgaonkar
Shantadurgaent.com,Insurance Advisors,Corporate Advisors,Legal Advise,Wage and salary,Shantadurgaent.com,Labour Compliance Audit,SSI registration,NOC from