The government has decided to increase the salary limit for coverage of ESI from Rs. 15,000 to Rs. 25,000. The date of effect is not known. Please share if anybody has the relevant notification from the ESIC.
Regards,
Madhu.T.K
From India, Kannur
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4474Regards,
Madhu.T.K
From India, Kannur
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The source of this information regarding the ESIC limit to Rs 25,000 is the news published on the front page of a Malayalam newspaper "Mathrubhumi" and on Hindi Patrika dated 20th September 2013. I am attaching the source of this news. Please confirm the source of this news.
Regards,
Dinesh
From India, New Delhi
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Regards,
Dinesh
From India, New Delhi
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Dear All. Kindly find attached press note This is not yet implemented, we should wait for Gazette, but it will happen in near future. Thanks Umesh Kadam 9223820620
From India, Mumbai
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From India, Mumbai
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Dear All, Please let me know that should we calcualate ESIC on earned gross or actual gross.? Also PF from Earned basic or actual basic?
From India, Vijayawada
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From India, Vijayawada
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Hi,
This is in regards to your query for ESIC calculations. ESIC always calculates based on Gross Earnings. There is a fixed rate for the same, i.e., 1.75% for Employee Share and 4.75% for Employer Share of the gross earnings.
PF is deducted based on the actual earnings.
Regards,
Vikas Sharma
From India, Chandigarh
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This is in regards to your query for ESIC calculations. ESIC always calculates based on Gross Earnings. There is a fixed rate for the same, i.e., 1.75% for Employee Share and 4.75% for Employer Share of the gross earnings.
PF is deducted based on the actual earnings.
Regards,
Vikas Sharma
From India, Chandigarh
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Dear Sir,
As per the available information, the decision was made on September 19, 2013, and was announced by the Labour Minister. However, a notification or circular in this regard is awaited.
Thanks & Regards,
Avika
From India, New Delhi
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As per the available information, the decision was made on September 19, 2013, and was announced by the Labour Minister. However, a notification or circular in this regard is awaited.
Thanks & Regards,
Avika
From India, New Delhi
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Hi everybody,
Do you mean that according to this information, the calculation of ESIC will depend on that, and we have to calculate ESIC (1.75%) for those employees whose salary is below 25000? Am I right? Please confirm.
From India, Delhi
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Do you mean that according to this information, the calculation of ESIC will depend on that, and we have to calculate ESIC (1.75%) for those employees whose salary is below 25000? Am I right? Please confirm.
From India, Delhi
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Dear Madhu Sir, The date of effect of the amendment will be given in the Gazette notification. Let’s wait for the notification.
From India, Madras
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From India, Madras
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Hi Madhu, It has been decided by the government of India to increase the ESI Qualififying limit salary to Rs.25,000 but till now they have not decided the date from which it will be effective.
From India, Bangalore
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From India, Bangalore
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Date 22/09/2013
Respected Sir.
We refer the News of ESIC amendment in slab which was raised to a maximum slab of Rs. 15000 instead of earlier Rs. 10000 from 01.05.2010.
In this context I would like to have a suggestion to you to increase the PF slab also as the current PF slab is Rs. 6500 since long. Now due to the global financial situation it is very necessary to amend this slab because at the time of retirement at the age of 58 employee working in a private sector will get very nominal amount. It will be very hard for a person to run his family with PF amount and pension amount what he will get as per the current slab
As you are aware inflation rates are in upward trend and rates of all the necessary items has increased steeply. How can an average middle class Indian can fulfill his basic requirements from above PF amount when he retires.
I think government should change the policy and take some more effective actions keeping in mind long time inflation rate. You can understand the critical position of a person retiring at the age of 58 especially private sector employees.
Government should think about middle class family. “Poor are becoming poor day by day”
Expecting some amendments in PF slab.
From India, Vadodara
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Respected Sir.
We refer the News of ESIC amendment in slab which was raised to a maximum slab of Rs. 15000 instead of earlier Rs. 10000 from 01.05.2010.
In this context I would like to have a suggestion to you to increase the PF slab also as the current PF slab is Rs. 6500 since long. Now due to the global financial situation it is very necessary to amend this slab because at the time of retirement at the age of 58 employee working in a private sector will get very nominal amount. It will be very hard for a person to run his family with PF amount and pension amount what he will get as per the current slab
As you are aware inflation rates are in upward trend and rates of all the necessary items has increased steeply. How can an average middle class Indian can fulfill his basic requirements from above PF amount when he retires.
I think government should change the policy and take some more effective actions keeping in mind long time inflation rate. You can understand the critical position of a person retiring at the age of 58 especially private sector employees.
Government should think about middle class family. “Poor are becoming poor day by day”
Expecting some amendments in PF slab.
From India, Vadodara
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