Dear All, Now EPF also online...Like ESI. Is it correct information or not..Please give about this information.
From India, Hyderabad
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1From India, Hyderabad
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Hi,
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
Thanks,
Brijesh Kumar Vishwakarma
From India
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ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
Thanks,
Brijesh Kumar Vishwakarma
From India
Acknowledge(0)Amend(0)
Hi,
The ESI Act covers all employees whose remuneration does not exceed Rs 15,000 per month. Monthly remuneration means monthly rated or regular/standard components, excluding one-time payments like bonus and overtime. Overtime allowances and bonuses will be considered as wages for the purpose of charging the contribution only and will not be included for determining employee coverage under the scheme.
The aforementioned regular salary is Rs 10,000 per month (Basic + HRA + Conv + SplAll, etc.), which is less than Rs 15,000. Therefore, ESI will be applicable, and ESI deductions will be based on the total gross salary (monthly salary + overtime amounts).
Additionally, please note that ESI deductions will not apply if any payments are made at intervals exceeding 2 months.
From India
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The ESI Act covers all employees whose remuneration does not exceed Rs 15,000 per month. Monthly remuneration means monthly rated or regular/standard components, excluding one-time payments like bonus and overtime. Overtime allowances and bonuses will be considered as wages for the purpose of charging the contribution only and will not be included for determining employee coverage under the scheme.
The aforementioned regular salary is Rs 10,000 per month (Basic + HRA + Conv + SplAll, etc.), which is less than Rs 15,000. Therefore, ESI will be applicable, and ESI deductions will be based on the total gross salary (monthly salary + overtime amounts).
Additionally, please note that ESI deductions will not apply if any payments are made at intervals exceeding 2 months.
From India
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Hi,
The Employees' State Insurance (ESI) Act covers all employees whose remuneration does not exceed Rs 15,000 per month. Monthly remuneration includes monthly rated or regular/standard components but does not include one-time payments like bonus and overtime.
Overtime allowances and bonus will be considered as wages for the purpose of charging the contribution only and will not be considered for determining the coverage of the employee under the scheme.
The aforementioned regular salary is Rs 10,000 per month (basic salary + house rent allowance + conveyance allowance + special allowances, etc.), which is less than Rs 15,000. Hence, ESI will be applicable, and ESI deductions will be calculated on the total gross salary (monthly salary + overtime amounts).
Additionally, ESI will not be deducted if any payment is made at intervals exceeding 2 months.
Thank you,
Brijesh Kumar Vishwakarma
From India
Acknowledge(0)Amend(0)
The Employees' State Insurance (ESI) Act covers all employees whose remuneration does not exceed Rs 15,000 per month. Monthly remuneration includes monthly rated or regular/standard components but does not include one-time payments like bonus and overtime.
Overtime allowances and bonus will be considered as wages for the purpose of charging the contribution only and will not be considered for determining the coverage of the employee under the scheme.
The aforementioned regular salary is Rs 10,000 per month (basic salary + house rent allowance + conveyance allowance + special allowances, etc.), which is less than Rs 15,000. Hence, ESI will be applicable, and ESI deductions will be calculated on the total gross salary (monthly salary + overtime amounts).
Additionally, ESI will not be deducted if any payment is made at intervals exceeding 2 months.
Thank you,
Brijesh Kumar Vishwakarma
From India
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Method of calculation of wages.doc