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New
Wage ceiling
The wage ceiling for coverage under the ESI Act has been enhanced
from Rs. 6500/- to Rs. 7500/- per month w.e.f. 1.4.2004. Accordingly
all employees whose salary excluding remuneration for over time work,
exceeds Rs. 6500/- but does not exceed Rs. 7500/- per month would
become coverable under the ESI Act, w.e.f. 1.4.2004.
Four more slabs of daily standard benefit rates have been added in
the table of standard benefit rates contained in Rule 54 of ESI (Central)
Rules, 1950, enhancing the maximum daily standard benefit rate from
Rs. 125 to Rs. 145.
Action
: Employer
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