Wage limit for ESIC enhanced

The Ministry of Labour and Employment has enhanced the wage limit of employees coverable under the Employees’ State Insurance Corporation’s scheme from `15,000 to `21,000 with effect from January 1, 2

BENGALURU: The Ministry of Labour and Employment has enhanced the wage limit of employees coverable under the Employees’ State Insurance Corporation’s scheme from `15,000 to `21,000 with effect from January 1, 2017.

In addition, as per a notification, employers in the newly implemented areas have been given special concession from October 6 where they are required to contribute 4 per cent of their wages. The contribution for other employees remains at 6.5 per cent.

Also, a one-time drive called SPREE -- Scheme for Promoting Registration of Employers and Employees -- has been launched to register all eligible employers and employees from December 20, 2016, to March 31, 2017. This is an opportunity for registration under the ESI Act without attracting liability for past periods.

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