Employee Benefits in India (कर्मचारियों को लाभ के कानूनी अधिकार)
• Employees’ Provident Fund, Employees’ Pension Scheme, and Employees’ Deposit Linked Insurance come under the purview of Employees’ Provident Funds and Miscellaneous Provisions Acts, 1952.
• Employee State Insurance Scheme is mandatory for employees earning up to INR 21,000 per month (or INR 25,000 p.m. for employees with disabilities). This is a comprehensive benefit scheme covering medical costs for the family, including parents and dependent.
• Statutory leaves are regulated by each State’s Shops & Establishments Acts or by the Factories Act (depending on which Act the company has registered under). These cover sick leave, casual leave, privilege/earned leave, national and Festival holidays.
• Gratuity is a gratuitous payment due to an employee after 5 years continuous years of service, on termination, resignation, or retirement, or earlier in case of death or permanent disability.
• Paid maternity leave of 26 weeks is mandatory. In addition, the Maternity Benefits (Amendment) Act, 2017, requires employers having more than 50 employees to provide a paid creche for children up to the age of 6 years.
• Employees’ Provident Fund, Employees’ Pension Scheme, and Employees’ Deposit Linked Insurance come under the purview of Employees’ Provident Funds and Miscellaneous Provisions Acts, 1952.
• Employee State Insurance Scheme is mandatory for employees earning up to INR 21,000 per month (or INR 25,000 p.m. for employees with disabilities). This is a comprehensive benefit scheme covering medical costs for the family, including parents and dependent.
• Statutory leaves are regulated by each State’s Shops & Establishments Acts or by the Factories Act (depending on which Act the company has registered under). These cover sick leave, casual leave, privilege/earned leave, national and Festival holidays.
• Gratuity is a gratuitous payment due to an employee after 5 years continuous years of service, on termination, resignation, or retirement, or earlier in case of death or permanent disability.
• Paid maternity leave of 26 weeks is mandatory. In addition, the Maternity Benefits (Amendment) Act, 2017, requires employers having more than 50 employees to provide a paid creche for children up to the age of 6 years.
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