If we deduct ESI more than 21000 salary ... what will be the action by department
From India, Bengaluru
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1From India, Bengaluru
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The current contribution period is from 1st October 2021 to 31st March 2022. So, even if in the meanwhile the salary of any employee exceeds Rs. 21,000, you will have to continue ESI deduction until the current contribution period is over. The employee will be eligible for the corresponding benefit period from 1st July to 31st December 2022.
From India, Mumbai
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From India, Mumbai
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Dear Sir,
Contribution period will end on 30th September. If you are increasing the salary from October onwards, no need to pay the ESIC contribution. Benefit period will start every year from January to June and July to September.
This is for your information.
Murthy
From India, Hyderabad
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Contribution period will end on 30th September. If you are increasing the salary from October onwards, no need to pay the ESIC contribution. Benefit period will start every year from January to June and July to September.
This is for your information.
Murthy
From India, Hyderabad
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To my understanding, the query is what will happen if we contribute even for a salary above $21,000. If I am correct, there may not be any problem while making contributions, but the employee may be denied any benefits under the Act as the contributions are made against the provisions of the Act.
I hope some seniors may shed light on this matter in this direction.
From India, Hyderabad
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I hope some seniors may shed light on this matter in this direction.
From India, Hyderabad
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Dear Madam,
1. If you are paying beyond Rs 21,000/- legally, it is not valid as per the ESIC Act.
2. If management knows about payments exceeding the ESIC limit, they may scold you, which could lead to job termination.
3. ESIC officials may also be aware of the aforementioned issue and may deny benefits as per the act.
4. Your company's audit may raise objections to payments exceeding the ESIC limit.
I don't know your relations with management.
This is my suggestion.
Murthy
From India, Hyderabad
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1. If you are paying beyond Rs 21,000/- legally, it is not valid as per the ESIC Act.
2. If management knows about payments exceeding the ESIC limit, they may scold you, which could lead to job termination.
3. ESIC officials may also be aware of the aforementioned issue and may deny benefits as per the act.
4. Your company's audit may raise objections to payments exceeding the ESIC limit.
I don't know your relations with management.
This is my suggestion.
Murthy
From India, Hyderabad
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Salary-Note.doc
SALARY SHEET CALCULATION.xls