sir, pls tell me the new structure for esic, and if the medical all. is given me monthly as a part of my salary package will be deducted as per new rule the component of salary r as follows
Basic Salary 6,100.00
House rent allowance 2,440.00
Flexi Allowance 2,440.00
Leave Travel Allowance 610.00
Medical Allowance 610.00
Ex Gratia 1,220.00
Conveyance Allowance 1,500.00
and now i have got the deduction in may 2010 and the sal slip was as follows
Basic Salary 6,100.00
House Rent Allowance 2,440.00
Flexi Allowance 2,440.00
Leave Travel Allowance 610.00
ExGratia 1,220.00
Conveyance Allowance 1,500.00
is it ok or wrong pls guide..............
From India, Kanpur
Basic Salary 6,100.00
House rent allowance 2,440.00
Flexi Allowance 2,440.00
Leave Travel Allowance 610.00
Medical Allowance 610.00
Ex Gratia 1,220.00
Conveyance Allowance 1,500.00
and now i have got the deduction in may 2010 and the sal slip was as follows
Basic Salary 6,100.00
House Rent Allowance 2,440.00
Flexi Allowance 2,440.00
Leave Travel Allowance 610.00
ExGratia 1,220.00
Conveyance Allowance 1,500.00
is it ok or wrong pls guide..............
From India, Kanpur
Dear Paharia,
If any thing you are giving as a Monthly Basic. It counts as a Allowance in which ESIC is applicable & If you are providing Medical as a Yearly or Quaterly, Six-Monthly to employee. It will called a reimbursement .
Jyoti
From India, Mumbai
4If any thing you are giving as a Monthly Basic. It counts as a Allowance in which ESIC is applicable & If you are providing Medical as a Yearly or Quaterly, Six-Monthly to employee. It will called a reimbursement .
Jyoti
From India, Mumbai
Dear Seniors,Can you please guide me about how to post a question in a forum?I have few doubts which can be solved by the discussion.RegardsNidhi
From India, Ahmadabad
From India, Ahmadabad
Please go to the bottom of this page click on 'New Question' or 'New Discussion' and you can ask question or start discussion on new topic. Thanks & Regards
From India, Pune
From India, Pune
Dear Mr. Pahariya,
Your gross emoluments, including the medical allowance of Rs.2440 works out to Rs.14920 which is below the ceiling limit of Rs.15,000 for the purpose of deduction of ESI contribution. If the component is "Medical Allowance" this will be added to your gross salary. If the component is "Medical reimbursement" the same is not to be added. If your Company has deducted ESI, you can ask them to stop.
regards,
Jyoti
From India, Hyderabad
Your gross emoluments, including the medical allowance of Rs.2440 works out to Rs.14920 which is below the ceiling limit of Rs.15,000 for the purpose of deduction of ESI contribution. If the component is "Medical Allowance" this will be added to your gross salary. If the component is "Medical reimbursement" the same is not to be added. If your Company has deducted ESI, you can ask them to stop.
regards,
Jyoti
From India, Hyderabad
Gross is less than Rs. 15000/- then how one can ask company to stop ESI Deduction??? Pl clarify.
From India, Pune
From India, Pune
Dear All,
Sorry for that big mistake.
Any one having gross salary less then 15,000 has to pay monthly towards ESI acc to new ESI rule.
Pls consider this post. For Mr. pahariya ,gross is less then 15000 so his deduction should be 1.75% of gross salary. Further , 4.75% contribution will be given by the employer.Total 6.50% amt will be contributed towards ESI.
From India, Hyderabad
Sorry for that big mistake.
Any one having gross salary less then 15,000 has to pay monthly towards ESI acc to new ESI rule.
Pls consider this post. For Mr. pahariya ,gross is less then 15000 so his deduction should be 1.75% of gross salary. Further , 4.75% contribution will be given by the employer.Total 6.50% amt will be contributed towards ESI.
From India, Hyderabad
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ESI Rule 52-Amended-Aver age Wage Limit Increased For Certain Cases Under Exemption From Payment .pdf