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ESIC is the country's first multi-dimensional social security system for workers in the organized sector, introduced in 1952

ESIC covers a total beneficiary population of more than 355 lakhs today

ESIC has the countrys largest medical infrastructural facility under one umbrella

ESIC is the most affordable social security system with the lowest contribution rate for multiple health insurance benefits.

ESIC is the only health insurance scheme that offers full medical care to workers and their dependants without any ceiling on individual expenditure

ESIC offers a special package of full medical care to retired/disabled insured persons for self and spouse for a nominal contribution of Rs. 120/- per annum

ESIC offers a special package of full medical care to retired/disabled insured persons for self and spouse for a nominal contribution of Rs. 120/- per annum

WAGES

Wages means all remuneration paid or payable in cash to an employee , if the terms of the contract of employment, express or implied, were fulfilled and includes any payment to an employee in respect of any period of authorized leave, lock out, strike which is not illegal or layoff and other additional remuneration, if any, paid at intervals not exceeding two months, but does not include:-
 

Any contribution paid by the employer to any pension fund or provident fund, or under this Act;

Any traveling allowance or the value of any traveling concession.

Any sum paid to the person employed to defray special, expenses entailed on him by the nature of his employment; or

Any gratuity payable on discharge.

The above definition has three parts.

All remuneration paid or payable in cash to an employee, if the terms of the contract of employment, express or implied, was fulfilled.

And includes any payment to an employee in respect of any period of authorized leave, lockout, strike which is not illegal or lay off.

And other additional remuneration, if any, paid at intervals not exceeding two months.

But Does Not Include

Any contribution paid by the employer to any pension fund or provident fund, or under ESI Act.

Any traveling allowance or the value of any traveling concession.

Any sum paid to the person employed to defray special expenses entitled to him by the nature of his employment or

Any gratuity payable on discharge.


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