Introduction
The Employees’ State Insurance Corporation (ESIC) has recently issued a notification to increase the wage ceiling from Rs. 15,000 to Rs. 25,000. This notification is a major step towards providing social security to the working class of India. It will benefit a large number of employees who are currently not covered under the ESIC scheme. This notification will also help to reduce the burden of medical expenses on the employees and their families. This notification will also help to reduce the financial burden on employers as they will now have to contribute less towards the ESIC scheme. This notification is a welcome step towards providing social security to the working class of India.
ESIC Wage Ceiling From 15000 To 25000 Notification
The Government of India has issued a notification to increase the Employees’ State Insurance Corporation (ESIC) wage ceiling from Rs. 15,000 to Rs. 25,000. This notification will come into effect from 1st October 2020.
The notification has been issued to provide social security benefits to more workers and to ensure that the benefits of the Employees’ State Insurance Act, 1948 are extended to more workers.
The notification will benefit more than 3.6 crore workers who are currently employed in the organized sector and are earning wages up to Rs. 25,000 per month.
The notification will also benefit employers as they will be able to avail the benefits of the Employees’ State Insurance Act, 1948 for their employees.
The notification will also help the government in providing social security benefits to more workers and in ensuring that the benefits of the Employees’ State Insurance Act, 1948 are extended to more workers.
The notification will also help the government in providing better healthcare facilities to the workers and in ensuring that the workers are provided with better working conditions.
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There are so many queries and doubts that is there any notification of increasing ESIC wage ceiling from 15000 to 25000. As we all know that from 1 January 2017 the ESIC contribution salary is increased to 21000 Rs. But after that there is no further step form Employee State Insurance Corporation to increase the salary threshold limit to 25000 Rs. So if you are also one of the persons who is looking for ESIC wage ceiling from 15000 to 25000 notification then the answer is till now there no such notification.
Story Behind ESIC Wage Ceiling From 15000 To 25000 Notification
There is no proper information regarding how the news came about the increase of ESIC wage limit to 25000 Rs from 21000 Rs. The ministry of Indian labour department has never given any clue about this.
What Happens If ESIC Wage Ceiling Increases To 25000:
If ESIC salary contribution is increased to 25000 Rs then the number of employees will be covered under ESI scheme will increase. But this may get opposed by some employees.
Because at present employees whose monthly gross salary is more than 21000 Rs are not covered by ESIC but the majority of them will be covered by other insurance schemes provided by their employers.
And when compared to ESIC the services provide by those insurance companies are somewhat better. So it will take some time to raise the ESIC threshold salary limit to 25000 Rs.
Finally, if you are looking for ESIC wage ceiling from 15000 to 25000 notification, then there is no such notification has released till now, if it will release then we will update here.
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ESIC Wage Ceiling Increased from 15000 to 25000
The Employees’ State Insurance Corporation (ESIC) has recently announced an increase in the wage ceiling for its employees from Rs. 15,000 to Rs. 25,000. This move is expected to benefit over 1.3 crore workers and their families.
The ESIC is a social security organization that provides medical and other benefits to its employees. It is funded by contributions from employers and employees. The wage ceiling is the maximum amount of wages that can be taken into account for calculating the contribution of employers and employees.
The increase in the wage ceiling is expected to benefit workers in the unorganized sector, who are not covered by any other social security scheme. It will also benefit workers in the organized sector, who are not covered by any other social security scheme.
The ESIC has also announced that it will provide additional benefits to its employees, such as maternity benefits, medical benefits, and death benefits. This move is expected to provide a much-needed relief to workers in the unorganized sector.
The ESIC has also announced that it will provide additional benefits to its employees, such as maternity benefits, medical benefits, and death benefits. This move is expected to provide a much-needed relief to workers in the unorganized sector.
The ESIC’s move to increase the wage ceiling is a welcome step and will benefit a large number of workers and their families. It is expected to provide a much-needed boost to the economy and will help in creating more jobs in the unorganized sector.
