employeecompensationunderesipf-111004043936-phpapp01

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n

Industrial Project

onImplementation of ESI Act 1948(in the F/Y 12-13 till date)

inM/s Unitech Machines Ltd., Saharanpur, U.P

Submitted in fulfillment of the requirement

For the award of the diploma of

POST GRADUATE DIPLOMA IN MANAGEMENT

(TWO YEAR FULL TIME DIPLOMA PROGRAMME)

Presented by:-

Seema

Saloni

Namita


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ESI

THE EMPLOYEES STATE INSURANCE ACT,

1948

"An Act to provide for certain benefits to employees incase of sickness, maternity and employment injury and

to make provision for certain other matters in relation

thereto."


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ESIAPPLICABILITY The establishment which is employing more than 10 persons and using power for his

manufacturing process or

The establishment which is employing more than 20 persons and not using power for his

manufacturing process

Under Section 1(5): State Governments have extended the provisions of the ESI Act to thefollowing classes of establishments.

Shops

Hotels & Restaurants

Cinemas including preview theatres

Road motor transport undertakings

Newspaper Establishments

AREAS COVERED The ESI Scheme is being implemented area-wise by stages. The Scheme has already beenimplemented in different areas in the following States/Union Territories

STATES - All the States except Nagaland, Manipur, Tripura, Sikkim, Arunachal Pradesh

and Mizoram.UNION TERRITORIES - Delhi, Chandigarh and Pondicherry

ELIGIBILITY Wage-limit is Rs.10, 000/- per month (with effect from 1.10.2006).All allowance except washing, conveyance allowance would be considered as wages for the

purpose of applicability of the Act.


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ESICONTRIBUTIONRATE

Employee contribution 1.75% of the wages (w.e.f.

1.1.97)Employers contribution 4.75% of the wagesEmployees in receipt of a daily average wage up toRs.50/- are exempted from payment of contribution.Employers will however contribute their own share inrespect of these employees.

CONTRIBUTIONPERIOD

1st April 30th September1st October 31st March

BENEFIT PERIOD 1st January 31st June1st July 31st December

ESI

CONTRIBUTION RATE Employee contribution1.75% of the wages (w.e.f. 1.1.97)Employers contribution4.75% of the wages

Employees in receipt of a daily average wage up to Rs.50/- are exempted from payment of

contribution. Employers will however contribute their own share in respect of these

employees.

CONTRIBUTION PERIOD 1st April30th September

1st October31st March

BENEFIT PERIOD 1st January31st June1st July31st December

ANNUAL CONTRIBUTION

FOR THE PERIOD

-

BENEFITS TO EMPLOYEE Medical benefitMedical benefit after retirement

Sickness benefitMaternity benefit

Disablement benefit

Temporary Disablement benefit

Permanent Disablement benefit

Funeral expenses

Dependents benefit

BENEFITS TO EMPLOYER Employer exempted from the applicability of the ESIC for Medicare facility, MaternityBenefit Act, Workmens Compensation Act


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EMPLOYEES STATE INSURANCE

BENEFITS TO EMPLOYEE

Medical benefit Full medical facility including hospitalization for member and his family from the date ofmembership

Medical benefit after retirement If the member has completed the 5 years membership before theretirement will get full medical care benefit on the payment of Rs. 10 p.m. is paid in advance for one year

Sickness benefitEmployee will get 50% of wages for the sickness period (3 months Contribution paid), Employee

will get medical treatment, medicines

Maternity benefit Minimum 2 return period of contribution period should be completed to get the maternitybenefit. 12 weeks full wages + medical treatment

Temporary Disablement benefitApproximate 70% of wages

Permanent Disablement benefitDepends upon the loss of earning capacity

Funeral expensesThe nominees will get Rs. 2500 for the expenditure of funeral of member

Dependents benefit

To widow for life or until remarriage, to legitimate or adopted son or unmarried daughter till the age of 18.

Dependent covers spouse, Children (age below 18), father and mother, those who are dependent on the incomeof the insured person
http://jadepaloma.files.wordpress.com/2010/03/funeral.jpghttp://esicoimbatore.org/benefits/esic_dependant.htmhttp://esicoimbatore.org/benefits/esic_disablement.htmhttp://esicoimbatore.org/benefits/esic_maternity.htmhttp://esicoimbatore.org/benefits/esic_sickness.htmhttp://esicoimbatore.org/benefits/esic_medical.htm


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Our Visit in the Company


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Check List

ESI Benefits Yes No

Medical benefit

Medical benefit after retirement

Sickness benefit

Maternity benefit

Temporary Disablement benefit

Permanent Disablement benefit

Funeral expenses

Dependents benefit


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Conclusion

employeecompensationunderesipf-111004043936-phpapp01

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