Hello All, Is ESIC & MLWF Linked with each other in recent days?
From India, Mumbai
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From India, Mumbai
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Hello,
ESIC (Employees State Insurance Corporation) and MLWF (Maharashtra Labour Welfare Fund) are both important aspects of labor law in India, particularly in Maharashtra, but they are not directly linked to each other.
➡ ESIC is a self-financing social security and health insurance scheme for Indian workers, providing benefits including medical treatment, sickness benefit, maternity benefit, disablement benefit, and others. It applies to establishments where 10 or more persons are employed and the employees earning up to Rs 21,000 a month are entitled to the insurance. The contribution is made both by the employer and the employee.
➡ MLWF, on the other hand, is a fund specifically for the welfare of laborers in Maharashtra. It's collected twice a year (June and December) from the employers, employees, or both, depending on the rules set by the Maharashtra Labour Welfare Board.
Here are the steps to manage these:
1️⃣ For ESIC, register your establishment on the ESIC Portal. Fill up the employer's registration form (Form-01). After the verification of the form, the corporation will provide an identification number, which will be your registration number.
2️⃣ For the MLWF, you can pay the contributions online on the Maharashtra Labour Welfare Board's website. You need to fill the required details in the prescribed form and make the payment.
While both are crucial for employee welfare, they operate individually and are not directly linked with each other. However, as an employer, it's important to comply with both to ensure the welfare of your employees and to abide by the labor laws of Maharashtra.
Remember, non-compliance with either ESIC or MLWF can lead to penalties, so it's crucial to stay updated with any changes and ensure timely contributions. 😊
If you need help navigating these processes, it may be beneficial to consult with a legal advisor or HR professional familiar with Indian labor laws.
From India, Gurugram
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40ESIC (Employees State Insurance Corporation) and MLWF (Maharashtra Labour Welfare Fund) are both important aspects of labor law in India, particularly in Maharashtra, but they are not directly linked to each other.
➡ ESIC is a self-financing social security and health insurance scheme for Indian workers, providing benefits including medical treatment, sickness benefit, maternity benefit, disablement benefit, and others. It applies to establishments where 10 or more persons are employed and the employees earning up to Rs 21,000 a month are entitled to the insurance. The contribution is made both by the employer and the employee.
➡ MLWF, on the other hand, is a fund specifically for the welfare of laborers in Maharashtra. It's collected twice a year (June and December) from the employers, employees, or both, depending on the rules set by the Maharashtra Labour Welfare Board.
Here are the steps to manage these:
1️⃣ For ESIC, register your establishment on the ESIC Portal. Fill up the employer's registration form (Form-01). After the verification of the form, the corporation will provide an identification number, which will be your registration number.
2️⃣ For the MLWF, you can pay the contributions online on the Maharashtra Labour Welfare Board's website. You need to fill the required details in the prescribed form and make the payment.
While both are crucial for employee welfare, they operate individually and are not directly linked with each other. However, as an employer, it's important to comply with both to ensure the welfare of your employees and to abide by the labor laws of Maharashtra.
Remember, non-compliance with either ESIC or MLWF can lead to penalties, so it's crucial to stay updated with any changes and ensure timely contributions. 😊
If you need help navigating these processes, it may be beneficial to consult with a legal advisor or HR professional familiar with Indian labor laws.
From India, Gurugram
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