Gud mng to all, I hope the following information will be helpful to all. As per the amendment of rule 52 of the ESI (Central) rules, 1950 - THE AVERAGE DAILY WAGE LIMIT FOR EXEMPTING THE EMPLOYEES FROM PAYMENT OF EMPLOYEES SHARE OF CONTRIBUTION HAS BEEN INCREASED FROM RS 50/- TO RS 70/- w.e.f 01-08-2007.
Regards
Minal
From India, Pune
8Regards
Minal
From India, Pune
Hey Shilpa,
The ESI amendment states that the average daily wage limit for exempting the employees from payment of employees share of contribution has increased from Rs 50/- to Rs 70/- per day.
That means employees who are getting daily wages of Rs 70/- would not have to share the contribution of ESI whereas the employers liability remains unchaged i.e employer will contribute his share.
I hope this clarifies your doubt.
Regards
Minal
From India, Pune
The ESI amendment states that the average daily wage limit for exempting the employees from payment of employees share of contribution has increased from Rs 50/- to Rs 70/- per day.
That means employees who are getting daily wages of Rs 70/- would not have to share the contribution of ESI whereas the employers liability remains unchaged i.e employer will contribute his share.
I hope this clarifies your doubt.
Regards
Minal
From India, Pune
thankx! Minal
it shows that5 u've a clear understanding of the acts....great explanation....again thankx a ton!
can i be in touch wid u for my regular queries of acts,as i am a fresher and i will be handling stat.compliance...this kind of guidance will help me out in learning.....
thankx
Shilpa
From India, Bangalore
it shows that5 u've a clear understanding of the acts....great explanation....again thankx a ton!
can i be in touch wid u for my regular queries of acts,as i am a fresher and i will be handling stat.compliance...this kind of guidance will help me out in learning.....
thankx
Shilpa
From India, Bangalore
Morning Minal !
Thanks for your email update on ESI. Actually this is only hypothetical since paying such low wages would contravene the Min. Wages Act. Most of us are already paying higher daily wages than this and it does not really affect us.
Thanks once again for the update.
Regards
Sandeep
From India, New Delhi
Thanks for your email update on ESI. Actually this is only hypothetical since paying such low wages would contravene the Min. Wages Act. Most of us are already paying higher daily wages than this and it does not really affect us.
Thanks once again for the update.
Regards
Sandeep
From India, New Delhi
Hey Sandeeep
Thanks for the reply, i fully agree with u that this amendment wont make a difference, but the attempt to post the amendment was to make aware all the members about the change.
If u can help me, can i know about the reimbursment of the contributions made by employees like PF, ESI and some details about super annuation?
Thanks again
Minal.
From India, Pune
Thanks for the reply, i fully agree with u that this amendment wont make a difference, but the attempt to post the amendment was to make aware all the members about the change.
If u can help me, can i know about the reimbursment of the contributions made by employees like PF, ESI and some details about super annuation?
Thanks again
Minal.
From India, Pune
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ESI Rule 52-Amended-Aver age Wage Limit Increased For Certain Cases Under Exemption From Payment .pdf