Respected all, What is the employee exit period in ESIC? if employees salary goes upper limit of 21000.
From India, Agra
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From India, Agra
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Hi,
The ESI contribution period will be:
1st April to 30th Sept
1st Oct to 31st March
If the wage of an employee exceeds the wage limit of Rs. 21,000 after April or October for the respective contribution periods, then the employee continues to be an employee till the end of that contribution period. Hence, the contribution is to be deducted and paid on the total wages earned. If the wages exceed Rs. 21,000/- in the middle of the contribution period, then the employee will continue to contribute to ESI till the end of the contribution period.
From India, Madras
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1153The ESI contribution period will be:
1st April to 30th Sept
1st Oct to 31st March
If the wage of an employee exceeds the wage limit of Rs. 21,000 after April or October for the respective contribution periods, then the employee continues to be an employee till the end of that contribution period. Hence, the contribution is to be deducted and paid on the total wages earned. If the wages exceed Rs. 21,000/- in the middle of the contribution period, then the employee will continue to contribute to ESI till the end of the contribution period.
From India, Madras
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Hi,
Under the act, there are two Contribution periods: 1st April to 30th September and 1st October to 31st March of the year following.
1. If the limit exceeds between April and September, the out-of-coverage date is 30th September. (Need to Pay the contribution till September)
2. If the limit exceeds between October and March, the out-of-coverage date is 31st March. (Need to Pay the contribution till March)
Regards, E. Stephen
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Under the act, there are two Contribution periods: 1st April to 30th September and 1st October to 31st March of the year following.
1. If the limit exceeds between April and September, the out-of-coverage date is 30th September. (Need to Pay the contribution till September)
2. If the limit exceeds between October and March, the out-of-coverage date is 31st March. (Need to Pay the contribution till March)
Regards, E. Stephen
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(Fact Check Failed/Partial)-[The user's reply is partially correct. The ESIC employee exit period for the upper salary limit of 21000 has a grace period till the end of the contribution period in which the limit is breached, not till the end of September or March as mentioned. Contributions are required until that date.]
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Employee Appraisal Form new.doc
CiteHR.AI
(Fact Checked)-The employee continues to be covered under ESIC till the end of the [B]contribution period[/B] in which the salary exceeds Rs. 21,000, with contributions based on total earnings during that period. It's essential to ensure compliance with ESIC regulations. (1 Acknowledge point)