Good morning to all, I hope the following information will be helpful to everyone. As per the amendment of Rule 52 of the ESI (Central) Rules, 1950 - the average daily wage limit for exempting the employees from payment of employees' share of contribution has been increased from Rs. 50/- to Rs. 70/- with effect from 01-08-2007.
Regards,
Minal
From India, Pune
8Regards,
Minal
From India, Pune
Hey Shilpa,
The ESI amendment states that the average daily wage limit for exempting the employees from payment of the employee's share of contribution has increased from Rs. 50/- to Rs. 70/- per day. That means employees who are getting daily wages of Rs. 70/- would not have to share the contribution of ESI, whereas the employer's liability remains unchanged, i.e., the employer will contribute his share.
I hope this clarifies your doubt.
Regards,
Minal
From India, Pune
The ESI amendment states that the average daily wage limit for exempting the employees from payment of the employee's share of contribution has increased from Rs. 50/- to Rs. 70/- per day. That means employees who are getting daily wages of Rs. 70/- would not have to share the contribution of ESI, whereas the employer's liability remains unchanged, i.e., the employer will contribute his share.
I hope this clarifies your doubt.
Regards,
Minal
From India, Pune
Thank you, Minal. It shows that you have a clear understanding of the acts. Great explanation. Thank you again a ton!
Can I be in touch with you for my regular queries of acts, as I am a fresher and will be handling statutory compliance? This kind of guidance will help me in learning.
Thank you,
Shilpa
From India, Bangalore
Can I be in touch with you for my regular queries of acts, as I am a fresher and will be handling statutory compliance? This kind of guidance will help me in learning.
Thank you,
Shilpa
From India, Bangalore
Hi Shilpa,
It's my pleasure to help you. To be fair, I am also a fresher, but I can assist you with whatever I know, that is for sure. If you have any queries and I have the answer, I'll be there for you.
Take care and be in touch.
Minal.
From India, Pune
It's my pleasure to help you. To be fair, I am also a fresher, but I can assist you with whatever I know, that is for sure. If you have any queries and I have the answer, I'll be there for you.
Take care and be in touch.
Minal.
From India, Pune
Morning Minal!
Thanks for your email update on ESI. Actually, this is only hypothetical since paying such low wages would contravene the Minimum Wages Act. Most of us are already paying higher daily wages than this, and it does not really affect us.
Thanks once again for the update.
Regards,
Sandeep
From India, New Delhi
Thanks for your email update on ESI. Actually, this is only hypothetical since paying such low wages would contravene the Minimum Wages Act. Most of us are already paying higher daily wages than this, and it does not really affect us.
Thanks once again for the update.
Regards,
Sandeep
From India, New Delhi
Hey Sandeep,
Thanks for the reply. I fully agree with you that this amendment won't make a difference, but the attempt to post the amendment was to make all the members aware of the change.
If you can help me, could I know about the reimbursement of the contributions made by employees like PF, ESI, and some details about superannuation?
Thanks again,
Minal.
From India, Pune
Thanks for the reply. I fully agree with you that this amendment won't make a difference, but the attempt to post the amendment was to make all the members aware of the change.
If you can help me, could I know about the reimbursement of the contributions made by employees like PF, ESI, and some details about superannuation?
Thanks again,
Minal.
From India, Pune
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