Oct 17, 2024
ESIC covers employees earning up to Rs. 21,000 per month in non-seasonal factories and establishments. Here's a look at the calculation of the ESIC wage limit and its impact on employees:
Calculation: The ESIC wage limit is calculated based on the gross salary of the employee, which includes basic salary and dearness allowance.
Impact on Employees: Employees earning up to Rs. 21,000 per month are eligible for the medical benefits provided by ESIC.
By understanding the ESIC wage limit and its impact on employees, employers can ensure compliance with the scheme and provide the medical benefits to their employees.