Dear all,
Greetings for the day.
I need a small clarification. Recently, I got an opportunity as an Assistant Manager in HR for one of the leading companies. The issue is my gross is 17500/-, but they are asking me to fill out the ESI form. How does it work? As per my knowledge, people who are earning below 10000/ are only eligible for ESI. Please help me understand.
Thank you.
From India, Hyderabad
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1Greetings for the day.
I need a small clarification. Recently, I got an opportunity as an Assistant Manager in HR for one of the leading companies. The issue is my gross is 17500/-, but they are asking me to fill out the ESI form. How does it work? As per my knowledge, people who are earning below 10000/ are only eligible for ESI. Please help me understand.
Thank you.
From India, Hyderabad
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As per the Employees' State Insurance (ESI) - Coverage of Employees Act, the new rule states that a monthly wage limit is prescribed by the Central Government for the purpose of covering employees/workers of the aforementioned factories or establishments. An employee has been defined under Section 2(9) of the Act, meaning any person employed for wages in or in connection with the work of a factory or establishment to which this Act applies. The wage ceiling is periodically increased, with the existing ceiling set at Rs. 15,000 per month effective from 01.05.2010.
For more information, please visit this link: http://esic.nic.in <link updated to site home>
Hence, you can verify that if your gross salary after deductions is Rs. 15,000, then your company is compliant.
From India, Delhi
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For more information, please visit this link: http://esic.nic.in <link updated to site home>
Hence, you can verify that if your gross salary after deductions is Rs. 15,000, then your company is compliant.
From India, Delhi
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ESI Rule 52-Amended-Aver age Wage Limit Increased For Certain Cases Under Exemption From Payment .pdf
Employee Benefits.doc