rohith
asked
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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veeru
answered
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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HIMANSHU
answered
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.
Anil
answered
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
Anshul Dhawan
answered
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.
ARJUN PRATAP SINGH
answered
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
