ESI: The salary ceiling for joining the Employees State Insurance (ESI) is going to increase. Now the upper limit of salary for joining ESI has been kept at Rs 21,000. According to media reports, the limit of 21 thousand rupees can be increased to 30 thousand rupees. That is, in the coming days, there may be an upper limit of 30 thousand rupees for joining ESI. What’s that mean?
What is the current rule
As per the existing rules, employees who are getting a maximum salary of Rs 21,000 per month can join ESI. If the new proposed rules are implemented, workers with a salary of Tk 30,000 a month will also be able to join. What are the benefits of joining ESI? Under this scheme, workers are provided free medical care and insurance. If an employee dies in an accident while working, suffers a limb loss, or loses the ability to work, the employee’s family or he can also be given financial assistance. In some cases, if the employee dies, his family gets a pension through the ESI scheme. All in all, ESI time can be especially useful for employees and families of employees working on low wages.
Who to contribute
For this, the employee will have to make some contribution every month. A part of the employee’s salary goes to the ESI account. 0.75% of the salary is deducted from the member-employees every month. And the employer or the company pays 3.75% of the salary.
Amrish Kumar Sharma, Additional Commissioner and Regional Officer in charge of West Bengal and Sikkim, in a recent discussion organized by the Merchant Chamber of Commerce, said that the upper limit of salary in ESI should be increased. This demand has been made before. There is also a flow of happiness among the employees after the news of the demand becoming a rule in reality.