15,000 to Rs. Anyway, just got the information that esic coverage is being increased to a salary of 25000 per month. ESIC Registration Benefits, Eligibility, Contribution Percentage, Salary Limit, Procedures and Statutory Compliances. 21,000 w.e.f. These efforts resulted in substantial increase in the number of registered employees i.e. 3) Employee covered under ESI under basic salary of Rs.15000/- will also be under PF? 21,000/- pm. For this purpose, a Notification had been issued on 06.10.2016 inviting suggestion/objections from all stakeholders.As on 31.03.3016, the number of … The figures are as under: – 2) PF is applicable for more than 20 employees? ESIC calculation as per ESIC rules of act 1948. As announced by Employees’ State Insurance Corporation (ESIC), the ESI coverage limit is increased from Rs. NEW DELHI: The Employees' State Insurance Corporation today raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme. 1) Right 2) Right 3) Partially Right, As, Threshold limit for ESIC has been increased to Rs.21,000 from 01.01.2017. CA Ritu Raj June 7th, 2017 . Threshold Limit for Coverage under ESIC The Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. Sonali g says: September 28, 2020 at 6:18 am. As announced by Employees’ State Insurance Corporation (ESIC), the ESI coverage limit is increased from Rs. Please note that the ESIC limit will always be checked with your fixed monthly gross salary. If wage limit exceeds Rs 21000 on 1st April 2019 for an existing employees who is earlier contributed under ESIC coverage, while uploading ESIC return his IP number reflects in the Monthly returns. The existing wage-limit for coverage under the Act, is Rs.10,000/- per month (with effect from 1.10.2006). Employees’ State Insurance Corporation (“ESIC”) is a statutory corporate body set up under the ESI Act 1948, which is responsible for the administration of ESI Scheme. 21,000/- pm. Reply. The wage ceiling of coverage was also enhanced from Rs. Threshold Limit for Coverage under ESIC. In that case the original poster will still be covered after October and need not worry. 1) ESIC is applicable for above 10 employees? October 2016. The Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. 15,000/- per month to Rs. In a meeting held today, the ESIC board also decided to give an option to existing insured persons to continue membership even if their wage breaches the ceiling of Rs 21,000 per month. 21,000 w.e.f. What reason we should choose to remove that particular employee. ESIC includes the medical benefit both for the employee and employer. Based on this revision, what is the prescribed wage limit for an employee to be covered in the ESI Scheme? 21,000/- from 01.01.2017. October 2016. For this purpose, a Notification had been issued on 06.10.2016 inviting suggestion/objections from all stakeholders. Areas covered under the Act . It is calculated on the basis of gross salary/wages/pay per month and the maximum limit is up to ₹ 21,000/- per month (earlier it was ₹ 15,000 per month). Insured Persons and employers and also a quantum jump in the revenue income of the ESIC. Esi Coverage After Exceeding Salary Limit. 15,000 to Rs. However, thanks to his post, I learned something new. And sir as u said if employee gross salary is more than 21000 they will not applicable for esic scheme.. ND if the person has 35000 per month salary then which scheme will applicable to them? 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