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A company having more than 10 employees who draw a maximum monthly salary of Rs 15,000 needs to get registered for ESI. The full form of ESI is Employee State Insurance. This scheme, managed by Employee State Insurance Corporation offers several medical and monetary benefits to employees.
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Employee State Insurance or ESI is a scheme commenced by the Government of India to offer medical, monetary and other advantages to workers.
Company that has more than 10 employees mandatorily need to have ESI. In some states, the number of employees is 20.
ESI is managed by an autonomous authority - Employee State Insurance Corporation – which lies under the jurisdiction of the Ministry of Labour and Employment.
ESI is a scheme commenced by the Government of India to offer medical, monetary and other advantages to workers.
Company that has more than 10 employees mandatorily need to have ESI.
ESI is managed by an autonomous authority - Employee State Insurance Corporation – which lies under the jurisdiction of the Ministry of Labour and Employment.
From the very first day of employment, registered ESI members and their families are entitled to enjoy the benefits of complete medical care and insurance.
Pregnant women are entitled to maternity benefits that are payable upto twenty six weeks. This period can be extended by 30 days on medical advice. To qualify for maternity benefits, employers are required to contribute their wages for 70 days in the preceding two contributions periods.
Although being a foreign person, this structure helps the promoters to control over the operations and activities in a strategic manner. With at least one Indian resident director, the foreign entities benefit from the indirect control and supervision.
Disabled employees can get 90% of their monthly salaries as disablement benefits.
Absence from work during illness can be taken for a maximum of 91 days per year along with 70% of the monthly wages.
In the unfortunate event of the demise of an employee during the employment, the dependents of the deceased will receive 90% of his/her monthly salary.
The family of the deceased employee is entitled to an additional amount of Rs.10,000 towards funeral expenses.
Available to employees in the case of physical disablement due to an employment injury or occupational hazards.
Filings first will collect data from applicants , review it and resolve any queries related to documents
Filings first will collect data from applicants , review it and resolve any queries related to documents
Filings first will file application for registration under ESIC
Finally, will have to wait for the government to process it and obtain the ESIC Certificate
The current monthly wage cap for ESI Act coverage is Rs. 21,000 as of January 1, 2017.
When calculating the ESI Scheme, the gross salary threshold of 21,000 will be used; if the salary is higher than 21,000, the ESI will remain constant.
From the moment the employee and their family join the insurable work, they are eligible to receive medical benefits.
Yes, it is the employer's legal obligation under Section 2A of the Act and Regulation 10-B to register their factory or establishment under the ESI Act within 15 days of the date the ESI Act becomes applicable to them.
It is not possible to transfer donations made to one insurance number to another. since each insurance number is special and assigned to a certain person. The ESI number cannot be transferred, exactly as the PSN. Even if the individual changes employers, the ESIC is urged to keep the same number.
Only 1.75 percent of the total 6.5% for ESI contribution is withdrawn from the employee's wage; the other portion is covered by the employer.
For low-income families, the government had implemented a number of health care programmes. The NHPS-covered families will have access to medical facilities for their members' and their dependents' medical care.
Every entity covered by this scheme must abide by the filing requirements, which include the regular deposit of monthly contributions, the filing of half-yearly returns, and reporting to the ESIC authority for any alterations or modifications made to the business's activities, address, ownership, or management, among other things.
Within 21 days of the final day of the calendar month in which the contribution is due for any period of wages, an employee's contribution must be paid in a bank that has been duly registered by the Company (Regs. 29 & 31).
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