Thank you. Can there be any other situation other than age limit?
From India, Noida
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From India, Noida
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Dear All,
The EPF threshold limit is Rs. 15,000/- and ESI threshold limit is Rs. 21,000/-. If any person has less than Rs. 15,000/-, they should be covered under both Acts. If any person has more than Rs. 15,000/- but less than Rs. 21,000/- in wages, or more than Rs. 21,000/-:
1. If the person is in their first employment, they are covered only under ESI.
2. If the person is already a member of EPF, they should be covered under both Acts (ceiling for EPF is Rs. 15,000/-).
3. If the person is earning more than Rs. 21,000/-, they will be covered under EPF as per point No. 2, and ESI will also be covered until the end of the contribution period.
4. There is no age bar for coverage under EPF. The age bar is only for the pension fund. Contributions to EPF can continue for superannuated individuals.
Regards,
Kaleswara Rao
From India, Guntur
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54The EPF threshold limit is Rs. 15,000/- and ESI threshold limit is Rs. 21,000/-. If any person has less than Rs. 15,000/-, they should be covered under both Acts. If any person has more than Rs. 15,000/- but less than Rs. 21,000/- in wages, or more than Rs. 21,000/-:
1. If the person is in their first employment, they are covered only under ESI.
2. If the person is already a member of EPF, they should be covered under both Acts (ceiling for EPF is Rs. 15,000/-).
3. If the person is earning more than Rs. 21,000/-, they will be covered under EPF as per point No. 2, and ESI will also be covered until the end of the contribution period.
4. There is no age bar for coverage under EPF. The age bar is only for the pension fund. Contributions to EPF can continue for superannuated individuals.
Regards,
Kaleswara Rao
From India, Guntur
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Salary-Note.doc
SALARY SHEET CALCULATION.xls