Reply. If wage limit exceeds Rs 21000 on 1st April 2019 for an existing employees who is earlier contributed under ESIC coverage, while uploading ESIC return his IP number reflects in the Monthly returns. In a meeting held today, the ESIC board also decided to give an option to existing insured persons to continue membership even if their wage breaches the ceiling of Rs 21,000 per month. 21,000 w.e.f. October 2016. Based on this revision, what is the prescribed wage limit for an employee to be covered in the ESI Scheme? The figures are as under: – However, thanks to his post, I learned something new. Esi Coverage After Exceeding Salary Limit. 2) PF is applicable for more than 20 employees? It is calculated on the basis of gross salary/wages/pay per month and the maximum limit is up to ₹ 21,000/- per month (earlier it was ₹ 15,000 per month). 15,000 to Rs. NEW DELHI: The Employees' State Insurance Corporation today raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme. 1) ESIC is applicable for above 10 employees? 21,000/- from 01.01.2017. Anyway, just got the information that esic coverage is being increased to a salary of 25000 per month. The existing wage-limit for coverage under the Act, is Rs.10,000/- per month (with effect from 1.10.2006). And sir as u said if employee gross salary is more than 21000 they will not applicable for esic scheme.. ND if the person has 35000 per month salary then which scheme will applicable to them? ESIC includes the medical benefit both for the employee and employer. These efforts resulted in substantial increase in the number of registered employees i.e. Please note that the ESIC limit will always be checked with your fixed monthly gross salary. CA Ritu Raj June 7th, 2017 . October 2016. The wage ceiling of coverage was also enhanced from Rs. Threshold Limit for Coverage under ESIC The Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. 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. The Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. What is Employees State Insurance? As announced by Employees’ State Insurance Corporation (ESIC), the ESI coverage limit is increased from Rs. ESIC Registration Benefits, Eligibility, Contribution Percentage, Salary Limit, Procedures and Statutory Compliances. ESIC calculation as per ESIC rules of act 1948. Insured Persons and employers and also a quantum jump in the revenue income of the ESIC. 1) Right 2) Right 3) Partially Right, As, Threshold limit for ESIC has been increased to Rs.21,000 from 01.01.2017. For this purpose, a Notification had been issued on 06.10.2016 inviting suggestion/objections from all stakeholders. What reason we should choose to remove that particular employee. 3) Employee covered under ESI under basic salary of Rs.15000/- will also be under PF? 21,000/- pm. 15,000 to Rs. As announced by Employees’ State Insurance Corporation (ESIC), the ESI coverage limit is increased from Rs. Threshold Limit for Coverage under ESIC. Areas covered under the Act . 15,000/- per month to Rs. 21,000/- pm. 21,000 w.e.f. For this purpose, a Notification had been issued on 06.10.2016 inviting suggestion/objections from all stakeholders.As on 31.03.3016, the number of … Sonali g says: September 28, 2020 at 6:18 am. 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