Dear Seniors, If the employee’s (cocered under ESI) salary increases above 15000 in December, then Is it required to contribute to ESI for rest 3 months i.e. jan, feb, mar? Regards Ravina
From India, Mumbai
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From India, Mumbai
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Dear Ravina, Yes you need to continue with ESI contribution till March as the second contribution period is October to March. M.V.KANNAN
From India, Madras
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270From India, Madras
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Dear Ravina,
The two contribution periods are April to September and October to March every year. Any employee who is covered under the ESI Act and moves out of ESI due to an increase in wages, then the employer has to continue to contribute to ESI until the end of the respective contribution period.
M.V. Kannan
From India, Madras
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The two contribution periods are April to September and October to March every year. Any employee who is covered under the ESI Act and moves out of ESI due to an increase in wages, then the employer has to continue to contribute to ESI until the end of the respective contribution period.
M.V. Kannan
From India, Madras
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absolutely right... ESI contribution if paid in a contribution period, even though the salary goes above the limit, contribution has to be paid
From India, Mumbai
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From India, Mumbai
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Dear Ravina As i know there is no liability for contributing for last three maonths you can carryon the ESI Contribution as above.
From India, Ramnagar
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From India, Ramnagar
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In case the salary increases in Dec’10 then there is no need to do the same. Starting from Jan’11 onwards.
From United Kingdom
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From United Kingdom
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Hi Ravina,
It's right!
If the employee's (covered under ESI) salary increases above 15000 in December, then it is required to contribute to ESI for the rest 3 months i.e. Jan, Feb, Mar.
Regards,
Madhu Mohan
Bangalore
From India, Bangalore
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It's right!
If the employee's (covered under ESI) salary increases above 15000 in December, then it is required to contribute to ESI for the rest 3 months i.e. Jan, Feb, Mar.
Regards,
Madhu Mohan
Bangalore
From India, Bangalore
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IF the employee salary increases above 6500 in December , then is is there any rule for like the above ESIC rule
From India, Thana
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From India, Thana
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Thank you all.
Seniors, I want to gain complete knowledge (theoretical and practical) of ESI, PF, Bonus, Gratuity, i.e., complete payroll processing. Could you please guide me on the right source from where I can get the complete knowledge regarding the same.
Thank you once again!!
Regards, Ravina
From India, Mumbai
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Seniors, I want to gain complete knowledge (theoretical and practical) of ESI, PF, Bonus, Gratuity, i.e., complete payroll processing. Could you please guide me on the right source from where I can get the complete knowledge regarding the same.
Thank you once again!!
Regards, Ravina
From India, Mumbai
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Hi, I am a little confused with ESI deduction. Please help me out.
If an employee draws below Rs. 15,000 gross per month, ESI will be deducted. In a month, if an employee has been paid a bonus, leave encashment, arrear salary, production incentive, or welfare benefit and exceeds the limit of gross Rs. 15,000, in this case, does ESI have to be deducted or not? If yes, from which amount should ESI contribution be considered for deduction? If not, why?
In my understanding, if the limit exceeds Rs. 15,000, ESI still has to be deducted from the gross salary. Bonus payment and welfare benefit are exempted from ESI contributions (ESI will be deducted from gross excluding bonus), and other payments will attract ESI contributions.
Kindly provide clear advice.
From India, Madras
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If an employee draws below Rs. 15,000 gross per month, ESI will be deducted. In a month, if an employee has been paid a bonus, leave encashment, arrear salary, production incentive, or welfare benefit and exceeds the limit of gross Rs. 15,000, in this case, does ESI have to be deducted or not? If yes, from which amount should ESI contribution be considered for deduction? If not, why?
In my understanding, if the limit exceeds Rs. 15,000, ESI still has to be deducted from the gross salary. Bonus payment and welfare benefit are exempted from ESI contributions (ESI will be deducted from gross excluding bonus), and other payments will attract ESI contributions.
Kindly provide clear advice.
From India, Madras
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