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Relifs/Advantages For Employers Are as Under : |
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- Employers are absolved of all their liabilities
of providing medical facilities to employees and
their dependants in kind or in the form of fixed cash
allowance, reimbursement of actual expenses, lumpsum grant
or opting for any other medical insurance policy of limited
scope unless it is a contractual obligation of the employer.
- Employers are exempted from the applicability
of the Maternity benefit Act, Workmens' Compensation
Act in respect of employees covered under the ESI Scheme
- Employers have at their disposal, a productive, well
secured workforce,; an essential ingredient for better productivity.
- Employers are absolved of any responsibility in times of physical
distress of workers such as sickness, employment injury or physical
disablement resulting in loss of wages as the responsibility of paying
cash benefits shifts to the Corporation in respect of insured employees.
- Any sum paid by way of contribution under the ESI Act is deducted in
computing Income'
under the Income Tax Act.
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