Introduction
The Employees’ State Insurance Corporation (ESIC) has recently announced an increase in the limit of ESIC contributions from Rs. 15,000 to Rs. 21,000. This increase in the limit of ESIC contributions is a welcome move for employees as it will help them save more money towards their retirement. The increase in the limit of ESIC contributions will also help employers to reduce their contribution towards the Employees’ State Insurance Corporation. The increase in the limit of ESIC contributions will also help to increase the salary limit for employees who are eligible for the Employees’ State Insurance Corporation benefits. This article will provide an overview of the recent increase in the limit of ESIC contributions and the salary limit for employees who are eligible for the Employees’ State Insurance Corporation benefits.
ESIC Limit Increased To Rs 21000 Circular & ESI Contribution Salary Limit
Increased To Rs 21000
The Employees’ State Insurance Corporation (ESIC) has recently increased the limit of wages for coverage under the Employees’ State Insurance Act, 1948 from Rs. 15,000/- to Rs. 21,000/- per month. This increase in the wage limit will benefit more than 3.6 crore workers and their families.
The Employees’ State Insurance Corporation (ESIC) is a statutory body constituted under the Employees’ State Insurance Act, 1948. It provides social security benefits to the employees and their families in case of sickness, maternity, disablement and death due to employment injury.
The increase in the wage limit will benefit more than 3.6 crore workers and their families. The ESIC contribution rate will remain unchanged at 4.75% of the wages for the employees and 1.75% of the wages for the employers. The increase in the wage limit will also benefit the employers as they will be able to avail the benefits of the ESIC scheme for more employees.
The increase in the wage limit will also benefit the employees as they will be able to avail the benefits of the ESIC scheme for a longer period of time. The ESIC scheme provides a range of benefits such as medical care, cash benefits, and other social security benefits.
The increase in the wage limit is a welcome move by the ESIC and will benefit a large number of workers and their families. It will also help in providing social security to the workers and their families.
If you are looking for ESIC limit increased to Rs 21000 circular then here you can find all those details. In the year 2016, Employee State Insurance Corporation (ESIC) has increased ESI contribution salary limit to 21000 Rs from 15000 Rs. By this new change in ESI salary limit, there are more than 50 lakhs of new employees were covered under employee state insurance scheme. At present, ESIC is providing medical security to more than 2.5 crores of employees in India.
Details Of ESIC Limit Increased To Rs 21000 Circular
ESIC limit increased to Rs 21000 circular was released in the year 2016 but the increased ESI contribution salary limit is effective from 1 Jan 2017.
The new ESIC threshold limit has included more than 50 Lakhs of employees in Employee State Insurance Scheme so it will benefit both IPs and family members of insured persons.
There is another rumour is going on that very soon the Employee State Insurance Corporation is going to increase ESIC salary limit to 25000 Rs. But till now there is no official information about this.
Along ESIC Wage Ceiling From 15000 To 25000 Notification, ESIC has taken some additional employee favoured decisions, once recollect them
- The Employee State Insurance Corporation in its meeting dated 07 August 2015 has decided to bear the expenses on super speciality treatment over and above the expenditure of state government.
- The ESIC in its 166th Corporation meetings held on 07 August 2015 has decided to consider the eligibility of pre-existing diseases i.e. for malignancy & dialysis as prospective w.e.f. 30 August 2016.
- ESIC has also revised eligibility for Super Specialty including the children of Insured Persons with congenital diseases & genetic disorders.
ESI Eligibility Salary Limit 2018
ESIC Applicability Criteria
ESI scheme is applicable to all the employers who are employing 10 or more than 10 employees. In states of Maharashtra and Chandigarh, this limit is 20 members.
The salary wage limit for ESIC scheme is 21000 Rs W.E.F 1 January 2017.
ESI Contribution Details
ESI will be calculated on the gross salary of employees. There are so many employees are getting confused that PF is calculated on basic + DA so ESI will also be calculated on basic + DA. But it is not true, ESI is always calculated on the gross salary of the employees.
Insured persons will contribute 1.75% of total gross salary to the ESI and employer will also pay 4.75% of employee gross salary towards ESI fund.
ESIC Limit Increased To Rs 21000 Circular & ESI Contribution Salary Limit
The Employees’ State Insurance Corporation (ESIC) has recently announced an increase in the limit of contribution to Rs 21,000 per month. This is a welcome move for the employees who are covered under the ESIC scheme. The new limit will be applicable from 1st April 2021.
The Employees’ State Insurance Corporation (ESIC) is a statutory body established by the Government of India to provide social security benefits to the employees and their families. It provides medical, disability and other benefits to the employees and their families in case of any eventuality. The ESIC scheme is applicable to all employees who are earning a salary of up to Rs 21,000 per month.
The new limit of Rs 21,000 per month will be applicable to all employees who are covered under the ESIC scheme. This means that the employees will now be able to avail of the benefits of the scheme even if their salary is higher than the previous limit of Rs 15,000 per month. This will help the employees to avail of the benefits of the scheme even if their salary is higher than the previous limit.
The new limit of Rs 21,000 per month will also be applicable to the employers who are contributing to the ESIC scheme. The employers will now be required to contribute a higher amount towards the ESIC scheme. This will help the employers to provide better social security benefits to their employees.
The new limit of Rs 21,000 per month will also be applicable to the employees who are not covered under the ESIC scheme. This means that the employees who are not covered under the ESIC scheme will now be able to avail of the benefits of the scheme even if their salary is higher than the previous limit of Rs 15,000 per month.
The new limit of Rs 21,000 per month will also be applicable to the employers who are not contributing to the ESIC scheme. This means that the employers who are not contributing to the ESIC scheme will now be required to contribute a higher amount towards the ESIC scheme. This will help the employers to provide better social security benefits to their employees.
The new limit of Rs 21,000 per month will also be applicable to the employees who are not covered under the ESIC scheme. This means that the employees who are not covered under the ESIC scheme will now be able to avail of the benefits of the scheme even if their salary is higher than the previous limit of Rs 15,000 per month.
The new limit of Rs 21,000 per month will also be applicable to the employers who are not contributing to the ESIC scheme. This means that the employers who are not contributing to the ESIC scheme will now be required to contribute a higher amount towards the ESIC scheme. This will help the employers to provide better social security benefits to their employees.
The new limit of Rs 21,000 per month will be beneficial for both the employees and the employers. The employees will now be able to avail of the benefits of the scheme even if their salary is higher than the previous limit of Rs 15,000 per month. The employers will also be able to provide better social security benefits to their employees by contributing a higher amount towards the ESIC scheme.
