ESI Wage limit has been increased from 10000 to 15000 Rs. w.e.f. 01st May 2010. Notification has already been received.
From India, Delhi
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2From India, Delhi
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Notification regarding change of wage limit under ESI has been received. The same is applicable w.e.f 01st May 2010. You have to arrange for the same.
From India, Delhi
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From India, Delhi
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Dear All,
I work for an IT company as an HR, and we have applied for an ESI code. An inspector inspected the company and issued the following notice. Can anyone provide suggestions on this?
On the basis of particulars regarding your factory submitted by you and in the report of the inspection conducted by the Insurance Inspector who inspected your factory on 24/03/2010 and 26/03/2010, your factory falls within the purview of section 2(12) of the act with effect from 1/7/2009 (provisionally). In case subsequent facts reveal that your factory was coverable from a date prior to the mentioned above, you shall make yourself liable to comply with the provisions of the act from such an earlier date.
Whether we need to comply with ESI from 1/07/2009 or a previous date, I am seeking your valuable suggestions on this.
Thanking You,
Regards,
Rajesha
From India, Kochi
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I work for an IT company as an HR, and we have applied for an ESI code. An inspector inspected the company and issued the following notice. Can anyone provide suggestions on this?
On the basis of particulars regarding your factory submitted by you and in the report of the inspection conducted by the Insurance Inspector who inspected your factory on 24/03/2010 and 26/03/2010, your factory falls within the purview of section 2(12) of the act with effect from 1/7/2009 (provisionally). In case subsequent facts reveal that your factory was coverable from a date prior to the mentioned above, you shall make yourself liable to comply with the provisions of the act from such an earlier date.
Whether we need to comply with ESI from 1/07/2009 or a previous date, I am seeking your valuable suggestions on this.
Thanking You,
Regards,
Rajesha
From India, Kochi
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Dear Mr. Anand,
The average daily wage for an employee employed on a time-rate basis is the amount of wages that would have been payable to him for the complete wage period had he worked on all the working days in that wage period, divided by 26 if he is monthly rated, 13 if he is fortnightly rated, 6 if he is weekly rated, and 1 if he is daily rated (Rule 1-B of ESI (Central) Rules, 1950). When the wage ceiling for coverage was 10,000 a month, the average daily wages were 10,000 divided by 26, i.e., 384.62 per day. Now the ceiling is 15,000 a month. Hence, the average daily wage for coverage purposes is 15,000 divided by 26, i.e., 576.92 per day.
The employee continues to be covered until the end of the contribution period in which his wages exceed the wage ceiling, and contributions are to be paid until the end of that contribution period.
K.V. Ramana Murty, Hyderabad
From India, Hyderabad
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The average daily wage for an employee employed on a time-rate basis is the amount of wages that would have been payable to him for the complete wage period had he worked on all the working days in that wage period, divided by 26 if he is monthly rated, 13 if he is fortnightly rated, 6 if he is weekly rated, and 1 if he is daily rated (Rule 1-B of ESI (Central) Rules, 1950). When the wage ceiling for coverage was 10,000 a month, the average daily wages were 10,000 divided by 26, i.e., 384.62 per day. Now the ceiling is 15,000 a month. Hence, the average daily wage for coverage purposes is 15,000 divided by 26, i.e., 576.92 per day.
The employee continues to be covered until the end of the contribution period in which his wages exceed the wage ceiling, and contributions are to be paid until the end of that contribution period.
K.V. Ramana Murty, Hyderabad
From India, Hyderabad
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