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What is Contribution of employees to ESIS corporation is______ % of wages.(MHPGM CET 2008) and explain in detail?
Ans. b (1.75%) (Ref. Text book of PSM by Park 22nd/ 760; style="font-size: 1.04761904761905em; font-family: Times New Roman, Times, serif">)ESI Act -1948: Benefit to both employee and employer.# Employer contributes 4.75% of total wage bill.0# While, the employee contributes 1.75% of wages.0# The state share on medical expenditure is l/8th and ESIC bears 7/8th cost of total medical care.0# Employees getting daily wages below Rs. 50 are exempted from payment of contribution.THE EMPLOYEES STATE INSURANCE ACT SCHEME# The Union Minister for Labour is chairman.# Scope- the ESIS Act extends to whole India.- Includes:* small power using factories with 10-19 persons and non-power using factories with >20 workers,* Service establishments like road transport, cinema houses, shops, restaurants, hotels and newspapers printing are now covered.# Which are the sectors excluded?- Excludes mines, plantation, railways and defence# What is the advantage to employer having ESIS scheme to its workers?- Exemption from the applicability of Workmen's Compensation Act 1923- Exemption from Maternity Benefit Act 1961- Exemption from payment of medical allowance to employees and their dependents or arranging for their medical care- Rebate under the Income Tax Act on contribution deposited in the ESI account- Healthy work-force# What are the benefits to workers?- Medical benefits,- Sickness benefits,- Disablement benefits,- Dependants benefits,- Funeral expenses and- Rehabilitation allowance