CAN ANY BODY TELL ME THE RULES AND REGULATION OF PF/ESIC DEDUCTION as per the current update 2017....???
From India, Coimbatore
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4From India, Coimbatore
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Hi,
Please find the following info on ESIC; I hope it will be useful to you.
Till last month, ESIC eligibility was up to ₹15,000 Gross Salary. It was extended from ₹15,000 to ₹21,000 from 01 Jan 2017 onward. That means those under ₹21,000 gross salary will be covered under the ESIC act.
Update 22 December 2016: ESI wage limit has been increased to ₹21,000 from ₹15,000 per month with effect from 01st January 2017.
Official Circular: ESIC Notification wage limit ₹21,000
Gazette Update: ESI Amendment Draft Rules to increase wage limit to ₹21,000 have been published.
The Employees' State Insurance Corporation (ESIC) today raised the monthly wage limit to ₹21,000, from the existing ₹15,000, for coverage.
The ESIC board also decided to give an option to existing insured persons (IP) to continue their membership even if their salary raises the limit of ₹21,000 per month.
Currently, all those insured (IP) under the ESIC scheme lose their ESI membership as well as the insurance cover if their salary/wage exceeds the limit.
The Labour Minister is the Chairman of the ESIC Board and he said, "ESIC has raised the threshold wage limit from ₹15,000 to ₹21,000," after the board meeting of ESIC in New Delhi. Both decisions will be implemented from October 1, 2016.
This move of raising the limit will help bring in an additional 50 lakh members to the ESIC scheme.
Currently, the ESIC Scheme has 2.6 crore insured persons (IP), which covers over 10 crore people, assuming four members of a family (Dependents).
The minister also said there is a plan to increase the wage threshold for retirement fund body EPFO subscribers, which may be considered in the next meeting of the Central Board of Trustees (CBT).
At present, the wage threshold is ₹15,000 per month for coverage under its (ESI) social security scheme.
From India, Hyderabad
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Please find the following info on ESIC; I hope it will be useful to you.
Till last month, ESIC eligibility was up to ₹15,000 Gross Salary. It was extended from ₹15,000 to ₹21,000 from 01 Jan 2017 onward. That means those under ₹21,000 gross salary will be covered under the ESIC act.
Update 22 December 2016: ESI wage limit has been increased to ₹21,000 from ₹15,000 per month with effect from 01st January 2017.
Official Circular: ESIC Notification wage limit ₹21,000
Gazette Update: ESI Amendment Draft Rules to increase wage limit to ₹21,000 have been published.
The Employees' State Insurance Corporation (ESIC) today raised the monthly wage limit to ₹21,000, from the existing ₹15,000, for coverage.
The ESIC board also decided to give an option to existing insured persons (IP) to continue their membership even if their salary raises the limit of ₹21,000 per month.
Currently, all those insured (IP) under the ESIC scheme lose their ESI membership as well as the insurance cover if their salary/wage exceeds the limit.
The Labour Minister is the Chairman of the ESIC Board and he said, "ESIC has raised the threshold wage limit from ₹15,000 to ₹21,000," after the board meeting of ESIC in New Delhi. Both decisions will be implemented from October 1, 2016.
This move of raising the limit will help bring in an additional 50 lakh members to the ESIC scheme.
Currently, the ESIC Scheme has 2.6 crore insured persons (IP), which covers over 10 crore people, assuming four members of a family (Dependents).
The minister also said there is a plan to increase the wage threshold for retirement fund body EPFO subscribers, which may be considered in the next meeting of the Central Board of Trustees (CBT).
At present, the wage threshold is ₹15,000 per month for coverage under its (ESI) social security scheme.
From India, Hyderabad
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Hi,
You can refer to www.simpliance.in to download rules, acts, forms, wages, and all recent amendments and notifications.
Thanks
From India, Bengaluru
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You can refer to www.simpliance.in to download rules, acts, forms, wages, and all recent amendments and notifications.
Thanks
From India, Bengaluru
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Amendments-to-t he-Tamil-Nadu-C ontract-Labour- Regulation-and- Abolition-Rules .pdf