Dear All,
My query is regarding the ESI amount deduction from employees salary.
As per new amendment in ESI slabs, 10K to 15K.
In my organization lot of my employee's are geting salary B/w 10100 to 15000. ESI ceiling amended wef from 1st May 10, But the ESI Return cycle is Oct to March & April to Sept, So in the month of April all my employee are not under ESI, As the case we referred earlier in increment 9500 to 11000 up to end of Return cycle we need to deducted,means is to required to deduct ESI to my employee till Sept?
Please reply,
Thanks,
Krishna
From India
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My query is regarding the ESI amount deduction from employees salary.
As per new amendment in ESI slabs, 10K to 15K.
In my organization lot of my employee's are geting salary B/w 10100 to 15000. ESI ceiling amended wef from 1st May 10, But the ESI Return cycle is Oct to March & April to Sept, So in the month of April all my employee are not under ESI, As the case we referred earlier in increment 9500 to 11000 up to end of Return cycle we need to deducted,means is to required to deduct ESI to my employee till Sept?
Please reply,
Thanks,
Krishna
From India
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I think the ESI is to be deducted for those who draw salary upto 15000/- according to new amendment.......
From India, Bangalore
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From India, Bangalore
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Dear friends I think according to new amendment, the ESI is to be deducted to those who draw upto 15k........pls check
From India, Bangalore
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From India, Bangalore
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Dear All,
ESIC is deducted on Gross Salary of up to Rs. 15,000 per month. Employees earning a salary above Rs. 15,000 per month are exempted from the scheme.
There are two contribution periods of six months' duration each in a year, in respect of an insured employee, with a corresponding benefit period of six months each - i.e., April to September and October to March of the following year.
If an employee's salary is incremented in between any contribution period and exceeds Rs. 15,000 per month gross, then the ESIC contribution would be on the whole of the incremented salary. However, if an employee's salary is incremented at the beginning of any contribution period and exceeds Rs. 15,000 per month gross, then they are exempted from ESIC.
Example 1:
An employee's current salary is Rs. 12,000 gross per month. Upon an increment effective from May to Rs. 16,000 per month, ESIC is contributed on Rs. 16,000 until September. From October, the employee is exempted.
Example 2:
An employee's current salary is Rs. 12,000 gross per month. Upon an increment effective from April or October to Rs. 16,000 per month, ESIC contribution ceases from April or October onwards.
No ESIC contribution is deducted thereafter. I hope this clarifies the queries. Let me know if you need further clarification.
From India, Thana
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16ESIC is deducted on Gross Salary of up to Rs. 15,000 per month. Employees earning a salary above Rs. 15,000 per month are exempted from the scheme.
There are two contribution periods of six months' duration each in a year, in respect of an insured employee, with a corresponding benefit period of six months each - i.e., April to September and October to March of the following year.
If an employee's salary is incremented in between any contribution period and exceeds Rs. 15,000 per month gross, then the ESIC contribution would be on the whole of the incremented salary. However, if an employee's salary is incremented at the beginning of any contribution period and exceeds Rs. 15,000 per month gross, then they are exempted from ESIC.
Example 1:
An employee's current salary is Rs. 12,000 gross per month. Upon an increment effective from May to Rs. 16,000 per month, ESIC is contributed on Rs. 16,000 until September. From October, the employee is exempted.
Example 2:
An employee's current salary is Rs. 12,000 gross per month. Upon an increment effective from April or October to Rs. 16,000 per month, ESIC contribution ceases from April or October onwards.
No ESIC contribution is deducted thereafter. I hope this clarifies the queries. Let me know if you need further clarification.
From India, Thana
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Hello All,
Please help me. My company deducts the whole amount of ESI from my salary, saying that it's a government rule. But as per my knowledge, it's a 1.75% deduction from the employee's salary. Could you please let me know if there is any new rule created in India [that the whole amount will be paid by the employee only] or any new government form designed? My company is a Pvt. Ltd. company, and they also do not provide facilities for PF. In the past, they had us sign a form stating that if we did not sign it, then the whole PF amount would be deducted from our salary.
Please guide me.
Thanks
From India, Jaipur
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Please help me. My company deducts the whole amount of ESI from my salary, saying that it's a government rule. But as per my knowledge, it's a 1.75% deduction from the employee's salary. Could you please let me know if there is any new rule created in India [that the whole amount will be paid by the employee only] or any new government form designed? My company is a Pvt. Ltd. company, and they also do not provide facilities for PF. In the past, they had us sign a form stating that if we did not sign it, then the whole PF amount would be deducted from our salary.
Please guide me.
Thanks
From India, Jaipur
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Hi Ritu,
I have a query regarding the deduction of ESI from incentives. I am working in the automotive sector under a dealership. My gross salary exceeds the ESI slab limit of Rs. 15,000. Currently, I am not eligible for ESI deduction. However, my employer has now implemented a rule stating that approximately 6.5% will be deducted from my earned incentives, in addition to TDS. No deductions have been made from my salary thus far.
Could you please help me understand this new policy?
Thank you,
Ritu
From India, Gangtok
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I have a query regarding the deduction of ESI from incentives. I am working in the automotive sector under a dealership. My gross salary exceeds the ESI slab limit of Rs. 15,000. Currently, I am not eligible for ESI deduction. However, my employer has now implemented a rule stating that approximately 6.5% will be deducted from my earned incentives, in addition to TDS. No deductions have been made from my salary thus far.
Could you please help me understand this new policy?
Thank you,
Ritu
From India, Gangtok
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