Dear Sir / Madam,
I worked out the pay roll statement for ESIC revised ceiling, it affects their current net take home salary, i suggested to my higher officials to retain the net take home salary for the employees, but he asks for any notifications which we have to retain the same.
Request to share if any notifications or advice any alternate to retain the net take home amount.
Thanks,
Meena
From India, Bangalore
I worked out the pay roll statement for ESIC revised ceiling, it affects their current net take home salary, i suggested to my higher officials to retain the net take home salary for the employees, but he asks for any notifications which we have to retain the same.
Request to share if any notifications or advice any alternate to retain the net take home amount.
Thanks,
Meena
From India, Bangalore
Dear Meena
There is no any notification to retain net take home salary. Management can plan to retain the take home wages to motivate the employees.
Employer contribution of 4.75% is additional overheads for the employer too so employee can bear 1.75% to avail any medical benefits. It is better to prepare the detailed presentation and explain the same to the employees related to the benefits of the employee by just paying 1.75%
From India, Bangalore
633There is no any notification to retain net take home salary. Management can plan to retain the take home wages to motivate the employees.
Employer contribution of 4.75% is additional overheads for the employer too so employee can bear 1.75% to avail any medical benefits. It is better to prepare the detailed presentation and explain the same to the employees related to the benefits of the employee by just paying 1.75%
From India, Bangalore
Guys think in terms of CTC. Company has fixed CTC for an employee if company is not ready to bear the extra cost then what would be the consequence?
From India, Bagnan
From India, Bagnan
Its nothing but ESIC is only thinking of its profitability. If not so then it could have extended the exemption limit of daily wage, which is now Rs-100.
At least if they are thinking about employee benefit they could have waived off the employee contribution for low paid staff. But they didn't.
From India, Bagnan
At least if they are thinking about employee benefit they could have waived off the employee contribution for low paid staff. But they didn't.
From India, Bagnan
Exemption limit is not Rs100. now it is Rs 137/-day..This was notified buy GOI.
From India, Thiruvananthapuram
From India, Thiruvananthapuram
This is a request to Mr Varghese Mathew. Sir can you please share the notification for gaving increased the exemption for daily wage limit from 100rs to 137rs.
Esi official here says that there was such a proposal to increase it to 137rs but it is yet to be implemented.
From India, Madras
Esi official here says that there was such a proposal to increase it to 137rs but it is yet to be implemented.
From India, Madras
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ESIC increase in Ceiling Wages 10 to 15000-1.pdf