ESIC Raises Wage Threshold To Rs 21,000
The Employees' State Insurance Corporation (ESIC) has announced an increase in the wage threshold to Rs 21,000. This change will impact the eligibility of employees for coverage under the ESIC scheme. The higher threshold means that more employees will now be able to avail of benefits provided by the ESIC, such as medical care and sickness benefits. Employers will need to ensure compliance with the new threshold to include all eligible employees under the ESIC scheme. This adjustment aims to expand the social security coverage for workers and improve their overall welfare.
Thank you.
The Employees' State Insurance Corporation (ESIC) has announced an increase in the wage threshold to Rs 21,000. This change will impact the eligibility of employees for coverage under the ESIC scheme. The higher threshold means that more employees will now be able to avail of benefits provided by the ESIC, such as medical care and sickness benefits. Employers will need to ensure compliance with the new threshold to include all eligible employees under the ESIC scheme. This adjustment aims to expand the social security coverage for workers and improve their overall welfare.
Thank you.
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