Actual payments made towards leave Salary, lay off compensation, or wages for strike period. This revised salary is above the limit of Rs. ESI wage limit has been increased to Rs 21,000 from Rs 15,000 per month and will come into effect from 1st January 2017. Benefits of ESIC - The scheme is only valid for a salary purview of up to Rs 21,000 - The salary limit under ESIC was earlier Rs 15,000 - Medical facilities to employee and family Please share if anybody has the relevant notification from the ESIC Regards, Madhu.T.K 20th September 2013 From India, Kannur This booklet is only for awareness purpose and can’t be referred/ quoted as legal document . What is Employees State Insurance? But as per the ESI Scheme, even after the revised salary, this employee will continue to fall within the limit of Rs. But after that there is no further step form Employee State Insurance Corporation to increase the salary threshold limit to 25000 Rs. ESI SCHEME . Many payroll managers mistakenly believe that salary, when it goes above Rs 15,000 during the contribution period, should be restricted to Rs 15,000 for the purpose of ESI calculation. 21,000 and hence this employee should cease to fall within the limit. The Government has decided to increase the salary limit for coverage of ESI from Rs 15000 to Rs 25000. Further, the board has given the option to the people who are already insured to continue their membership even if the salary is above the limit of Rs 21000 per month. ESIC Registration Benefits, Eligibility, Contribution Percentage, Salary Limit, Procedures and Statutory Compliances. 21000 … DEFINITIONS/KEY WORDS 15-24 . Regular Honorarium or salary or remuneration paid to a Director; Collection Batta paid to running staff. ESI wage limit has been increased to Rs. There are so many queries and doubts that is there any notification of increasing ESIC wage ceiling from 15000 to 25000. The logic is that since salary for ESI coverage limit is Rs 15,000 per month, there is no need to calculate ESI on any amount above Rs 15,000. Managed by ESIC under the ESI Act 1948, it is a self-financed insurance deposit that the workforce contributes to every month from their gross salary. - 0.75% of employee's salary is contributed at present - The employer contributes 3.25% to ESIC - Average salary per day of employees Rs 137. Further, it would have the impact of increasing the ESI contribution on the employer’s part as well as the compliance. 21,000, till the end of the contribution period , that is 31st March. The date of effect is not known. 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 and hence this employee should cease to fall within the limit. 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