What is meant by “Standard Benefit Rate”?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohith asked almost 3 years ago

Hi I am CA student. I want to know about ESI. Can I know, What is meant by “Standard Benefit Rate”?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

The daily rate at which sickness benefit is payable to an insured employee during the period of his sickness is called “Standard Benefit Rate”.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 HIMANSHU answered almost 3 years ago

Let me informed that The daily rate at which sickness benefit is payable to an insured employee during the period of his sickness is called “Standard Benefit Rate”. The standard benefit rates are specified in Rule 54, lowest rate being Rs. 14.00 and the highest being Rs. 145.00.

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Open uri20170510 32134 1c996lj?1494421732 Anil answered almost 3 years ago

STANDARD BENEFIT RATES * Standard Benefit Rate @ Rs.14 or full average daily wage whichever is less. Sl. No Group of employees whose average daily wages are Rate* (Rs.) Sl. No. Group of employees whose average daily wages are Rate* (Rs.) 1 Below Rs.28 @ 14 22 Rs.176 & above but below Rs.186 93 2 Rs.28 & above but below Rs.32 16 23 Rs.186 & above but below Rs.196 98 3 Rs.32 & above but below Rs.36 18 24 Rs.196 & above but below Rs.206 103 4 Rs.36 & above but below Rs.40 20 25 Rs.206 & above but below Rs.216 108 5 Rs.40 & above but below Rs.48 24 26 Rs.216 & above but below Rs.226 113 6 Rs.48 & above but below Rs.56 28 27 Rs.226 & above but below Rs.236 118 7 Rs.56 & above but below Rs.60 30 28 Rs.236 & above but below Rs.250 125 8 Rs.60 & above but below Rs.64 32 29 Rs.250 & above but below Rs.260 130 9 Rs.64 & above but below Rs.72 36 30 Rs.260 & above but below Rs.270 135 10 Rs.72 & above but below Rs.76 38 31 Rs.270 & above but below Rs.280 140 11 Rs.76 & above but below Rs.80 40 32 Rs.280 & above but below Rs. 290 145 12 Rs.80 & above but below Rs.88 44 33 Rs.290 & above but below Rs. 300 150 13 Rs.88 & above but below Rs.96 48 34 Rs. 300 & above but below Rs. 310 155 14 Rs.96 & above but below Rs.106 53 35 Rs. 310 & above but below Rs. 320 160 15 Rs.106 & above but below Rs.116 58 36 Rs. 320 & above but below Rs. 330 165 16 Rs.116 & above but below Rs.126 63 37 Rs. 330 & above but below Rs. 340 170 17 Rs.126 & above but below Rs.136 68 38 Rs. 340 & above but below Rs. 350 175 18 Rs.136 & above but below Rs.146 73 39 Rs. 350 & above but below Rs. 360 180 19 Rs.146 & above but below Rs.156 78 40 Rs. 360 & above but below Rs. 370 185 20 Rs.156 & above but below Rs.166 83 41 Rs. 370 & above but below Rs. 380 190 21 Rs.166 & above but below Rs.176 88 42 Rs. 380 & above 195

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Open uri20170510 32134 59004f?1494421790 Anshul Dhawan answered almost 3 years ago

The daily rate at which sickness benefit is payable to an insured employee during the period of his sickness is called “Standard Benefit Rate”. The standard benefit rates are specified in Rule 54, lowest rate being Rs. 14.00 and the highest being Rs. 145.00.

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered almost 3 years ago

Dear Friend, as far as your query is concerned that What is meant by “Standard Benefit Rate”? Let me informed that The daily rate at which sickness benefit is payable to an insured employee during the period of his sickness is called “Standard Benefit Rate”. The standard benefit rates are specified in Rule 54, lowest rate being Rs. 14.00 and the highest being Rs. 145.00. Hope answer was helpful to you Regards, Arjun Pratap Singh

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