Top Schemes Offered for PF ESIC Consultant in Ahmedabad

Top Payroll Consultant and Companies in India and USA the PF ESIC Consultant in Ahmedabad. Employees' State Insurance Corporation (ESIC) Programs

In order to receive benefits under this plan, a person must, on the date of the termination of insurable employment, be an insured person under the ESI Act. This indicates that in order to be qualified for unemployment benefits, a person had to be an employee who contributed to the fund's corpus. In addition, the covered individual must have been a member of the scheme for at least five years prior to losing their job as a result of the aforementioned circumstances.

Benefits for unemployment under this system may be used for one or more periods of unemployment, as long as there is a minimum of one month between each term. Stated differently, one may apply for benefits for many periods of unemployment as long as the absence lasts at least one month. During the time the covered individual is unemployed, the unemployment benefit cannot be coupled with other benefits under the act, such as maternity, disability, or sickness benefits. The insured individual getting any of these other advantages in such a case will be offered the choice of which benefit to take advantage of. The covered individual must file any application for unemployment benefits within six months of the date of employment loss.

Section 61 of the ESI Act governs the payment of unemployment benefits. It stipulates that receiving any benefit under the Act renders one ineligible for equivalent benefits under other enactments. The maximum duration of unemployment benefit payment is twelve months, and it is equal to the Standard Benefit rate, which is determined by the insured person's average daily earnings for the last four completed contribution periods that ended just before the date of unemployed.

Top Payroll Consultant and Companies in India and USA the PF ESIC Consultant in Ahmedabad. In order to receive unemployment benefits under this program, the applicant must apply in Form US-1, along with supporting documentation in Form UA-2, to the relevant Branch Office. The latter is the certificate of closure that an employer may receive in exchange for returning contributions made in accordance with Regulation 26(b) upon the factory's or establishments permanent closure.