Respected all, What is the employee exit period in ESIC? if employees salary goes upper limit of 21000.
From India, Agra
From India, Agra
Hi,
The ESI contribution period will be
1st April to 30th Sept
1st Oct to 31st March
If the wage of an employee exceeds the wage limit of Rs.21,000 after April or October for the respective contribution periods, then the employee continues to be an employee till the end of that contribution period. Hence, the contribution is to be deducted and paid on the total wages earned. If the wages exceeds Rs.21,000/- in the middle of contribution period then the employee will continue to contribute to ESI till the end of contribution period.
From India, Madras
942The ESI contribution period will be
1st April to 30th Sept
1st Oct to 31st March
If the wage of an employee exceeds the wage limit of Rs.21,000 after April or October for the respective contribution periods, then the employee continues to be an employee till the end of that contribution period. Hence, the contribution is to be deducted and paid on the total wages earned. If the wages exceeds Rs.21,000/- in the middle of contribution period then the employee will continue to contribute to ESI till the end of contribution period.
From India, Madras
Hi,
Under act there are Two Contribution period :
1st April to 30th September & 1st Oct to 31st March of the year following.
1.If the limit exceeds between April and September, the out-of-coverage date is 30th September. (Need to Pay the contribution till September)
2.If the limit exceeds between October and March, the out-of-coverage date is 31st March.(Need to Pay the contribution till March)
Regards,
E.Stephen
Under act there are Two Contribution period :
1st April to 30th September & 1st Oct to 31st March of the year following.
1.If the limit exceeds between April and September, the out-of-coverage date is 30th September. (Need to Pay the contribution till September)
2.If the limit exceeds between October and March, the out-of-coverage date is 31st March.(Need to Pay the contribution till March)
Regards,
E.Stephen
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Employee Appraisal Form new.doc