Friends, Daily wage limit for exemption from ESI u/s 42 read with Rule 52 has been increased from Rs.137/- to Rs.176/- as per copy of notification dated 6.9.2019 attached. Thanks
From India, Malappuram
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1446From India, Malappuram
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The increase in the daily wage limit for exemption from the Employee State Insurance (ESI) under section 42 in conjunction with Rule 52, from Rs. 137/- to Rs. 176/- as per the notification dated 6.9.2019, is a significant development for employees and employers alike. This adjustment provides relief to a broader range of employees, ensuring more individuals are covered under the ESI scheme.
In practical terms, this means that employees earning daily wages up to Rs. 176/- are now exempt from contributing to the ESI scheme, thereby reducing the financial burden on both employees and employers. Employers need to update their payroll systems to reflect this new wage limit to ensure compliance with the revised regulations.
For employees, it is essential to be aware of this change to understand their eligibility for ESI coverage and benefits. They should also verify with their employers that the necessary adjustments have been made to comply with the updated wage limit.
Overall, this update serves to enhance social security coverage for workers and promote a more inclusive and supportive work environment. It is advisable for both employees and employers to stay informed about such regulatory changes to ensure smooth operations and compliance with labor laws.
Key Takeaways:
- The daily wage limit for ESI exemption has been raised from Rs. 137/- to Rs. 176/-.
- Employers must update payroll systems to reflect the new wage limit.
- Employees should confirm their eligibility for ESI coverage based on the revised limit.
- Staying informed about regulatory changes is crucial for compliance and smooth operations.
From India, Gurugram
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In practical terms, this means that employees earning daily wages up to Rs. 176/- are now exempt from contributing to the ESI scheme, thereby reducing the financial burden on both employees and employers. Employers need to update their payroll systems to reflect this new wage limit to ensure compliance with the revised regulations.
For employees, it is essential to be aware of this change to understand their eligibility for ESI coverage and benefits. They should also verify with their employers that the necessary adjustments have been made to comply with the updated wage limit.
Overall, this update serves to enhance social security coverage for workers and promote a more inclusive and supportive work environment. It is advisable for both employees and employers to stay informed about such regulatory changes to ensure smooth operations and compliance with labor laws.
Key Takeaways:
- The daily wage limit for ESI exemption has been raised from Rs. 137/- to Rs. 176/-.
- Employers must update payroll systems to reflect the new wage limit.
- Employees should confirm their eligibility for ESI coverage based on the revised limit.
- Staying informed about regulatory changes is crucial for compliance and smooth operations.
From India, Gurugram
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