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The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
Employees with a monthly salary less than ₹15,000 are eligible for treatments in ESIS Hospitals. [5] This is one of the two hospitals in Chennai, the other being in K. K. Nagar. [ 6 ] [ 7 ]
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.
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Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
Most Americans fall short of consuming enough omega-3s, while getting plenty of omega-6s. Striking a healthy balance of these fats is key.
ESIC Medical College & Hospital, Faridabad, or in its full name Employees' State Insurance Corporation Medical College and Hospital, Faridabad, is a Government co-educational Medical College located at New Industrial Township-3, Faridabad, the industrial capital of India in Haryana, India.