I would like to know if a company has applied for ESIC, whether all the employees following in the slab >10000, will be covered or the employees working in the office can be exempted from it.
regards
Mousmi
From India, Pune
regards
Mousmi
From India, Pune
I want help from all the experienced here no one has answered my question its just that i wanted to know whether it is compulsory for all the employees to pay for ESIC. is there any kind of exemption.
From India, Pune
From India, Pune
Contribution
E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employer’s contribution and employee’s contribution at a specified rate. The rates are revised from time to time. Currently, the employee’s contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.50/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Collection of Contribution
An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due.[/SIZE][/B] The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
From United Arab Emirates, Dubai
3E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employer’s contribution and employee’s contribution at a specified rate. The rates are revised from time to time. Currently, the employee’s contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.50/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Collection of Contribution
An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due.[/SIZE][/B] The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
From United Arab Emirates, Dubai
AS PER ESI ACT IF SALARY GRATER THAN Rs.10000 AT TIME OF APPOINTMENT OF ANY EMPLOYEE THAN IT WOULD BE OPTIONAL TO BECAME A MEMBER OF ESIC ASHISH
From India, Mumbai
From India, Mumbai
Dear Mousmi
As per the esic act if any employee get greater than Rs. 10000/- per month then he is out of the coverage of the esic act if any employess get Rs.9000/- and he is the member of the esic and after increment he get more than 10000/- then he contribute the esic while ending of the current contribution period
the contribution period is given below
April to Sept.
Oct to March
Somvir Singh
From India, Panipat
As per the esic act if any employee get greater than Rs. 10000/- per month then he is out of the coverage of the esic act if any employess get Rs.9000/- and he is the member of the esic and after increment he get more than 10000/- then he contribute the esic while ending of the current contribution period
the contribution period is given below
April to Sept.
Oct to March
Somvir Singh
From India, Panipat
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