HI I WANT TO KNOW HOW HUCH MAXIMUM AMOUNT SHALL WE DEDUCT FROM ESI ACT ? THANKS DILIP
From India, Pune
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3From India, Pune
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Hi Dilip,
The ceiling amount to be covered under the ESI Act is 10,000 rupees gross per month. 1.75% of the gross amount per month is deducted from the employee's side, whereas 4.75% is deducted from the employer's side.
Therefore, the maximum deduction under the ESI Act from an employee can be 1.75% of 10,000 rupees, which equals 175 rupees only. On the employer's side, it would be 4.75% of 10,000 rupees, totaling 475 rupees only.
I hope this clarifies your query.
Regards,
Amit Seth.
From India, Ahmadabad
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The ceiling amount to be covered under the ESI Act is 10,000 rupees gross per month. 1.75% of the gross amount per month is deducted from the employee's side, whereas 4.75% is deducted from the employer's side.
Therefore, the maximum deduction under the ESI Act from an employee can be 1.75% of 10,000 rupees, which equals 175 rupees only. On the employer's side, it would be 4.75% of 10,000 rupees, totaling 475 rupees only.
I hope this clarifies your query.
Regards,
Amit Seth.
From India, Ahmadabad
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Dear Friends,
You can visit www.esic.nic.in and www.epfoindia.com for more details about ESI and PF.
Regards,
Amith R.
From India, Bangalore
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You can visit www.esic.nic.in and www.epfoindia.com for more details about ESI and PF.
Regards,
Amith R.
From India, Bangalore
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Hi Amitmhrm,
The ceiling amount to be covered under the ESI Act is 15,000 rupees gross per month. 1.75% of the gross amount is deducted from the employee's side, while 4.75% is deducted from the employer's side.
Therefore, the maximum deduction under the ESI Act from an employee can be 1.75% of 15,000 rupees, which is 263 rupees only. From the employer's side, it would be 4.75% of 15,000 rupees, which is 713 rupees only.
I hope this clarifies your query.
Regards,
Manas Jha
9007640313
From India, Calcutta
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The ceiling amount to be covered under the ESI Act is 15,000 rupees gross per month. 1.75% of the gross amount is deducted from the employee's side, while 4.75% is deducted from the employer's side.
Therefore, the maximum deduction under the ESI Act from an employee can be 1.75% of 15,000 rupees, which is 263 rupees only. From the employer's side, it would be 4.75% of 15,000 rupees, which is 713 rupees only.
I hope this clarifies your query.
Regards,
Manas Jha
9007640313
From India, Calcutta
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Hi Dilip,
You can deduct the ESIC amount up to INR 15,000/- of gross salary as per the mentioned wages below.
Employee contribution: 1.75%
Employer contribution: 4.75%
For example, if the gross salary is INR 10,000.00/-
Employee contribution: INR 175.00/-
Employer contribution: INR 475.00/-
From India, New Delhi
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You can deduct the ESIC amount up to INR 15,000/- of gross salary as per the mentioned wages below.
Employee contribution: 1.75%
Employer contribution: 4.75%
For example, if the gross salary is INR 10,000.00/-
Employee contribution: INR 175.00/-
Employer contribution: INR 475.00/-
From India, New Delhi
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Employees' State Insurance Act 1948.doc
Employees' State Insurance Act 1948.pdf