As announced by Employees’ State Insurance Corporation (ESIC), the monthly wage threshold for being part of the ESIC scheme is increased from Rs 15,000 to Rs 21,000. This change is going to be effective from 1st October, 2016.
Additionally, the existing members, will be given an option to continue with their membership even if their wage exceeds the new ceiling of Rs 21,000 per month. Clarity is awaited on what an employer’s contribution would be in such a case. Please watch this space for more information.
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