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ESI Amendment 2016- Draft Rules

New Amendment ESI Wage Limit: ESI Raised Wage Limit to Rs 21,000 from Rs 15,000 with effect from 01st October, 2016 New Delhi, the 25th July, 2016. G.S.R. 720(E).—The following draft of certain rules further to amend the Employees’ State Insurance (Central) Rules, 1950, which the Central Government, after consulting the Employees’ State Insurance Corporation, proposes to […]

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Interest on Delayed Payment of ESI Contribution- Amendment

ESI has made amendment on Interest calculation method on omitted wages. They have issued a circular regarding this on 08th April, 2016. ESIC has decided that the interest on ESI contribution payable on omitted wages, shall be calculated monthly wise. Earlier to this, the Interest on omitted wages/left-out wages as reported by the Social Security […]

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ESI Act Amendment Discussion

ESIC discusses amendments in the ESI Act-1948, for providing option to employees to choose either ESI or Health Insurance Product services recognized by IRDA; in 165th Meeting of the E.S.I. Corporation held on 07.04.2015 The Employees’ State Insurance Corporation today discussed for providing option to employees to choose either ESI Benefits or Health Insurance product […]

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ESI Implemented Aadhaar Based Verification of Beneficiaries

The Temporary Identity Certificate (TIC) has been renamed as e-Pehchan Card. In respect of Insured Persons who have fed their Aadhaar numbers in the ESIC Database, this will serve as Permanent Identity Card in lieu of Biometric Pehchan Card and the Insured Person will not be required to get enrolled for Biometric Pehchan Card and […]

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