Impact on ESI due to change in wage definition
Dear all,
Find enclosed circular issued by ESI Offices notifying changes in wage definition for the coverage of employees in ESIC.
In view of the above, ESI coverage will be determined on the basis of Basic Wages instead of erstwhile Gross Wages.
This change will impact additional coverage of employees who were outside ESI ambit otherwise.
You are requested to share with your respective account executive KYC in r/o employees who are drawing Basic wages upto 21000/- per month for registering them under ESI.