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Hi please let me know that, what is the latest minimum wages for esic decuction ?
Latest minimum Wages for Esi Deduction is minimum Labour wages but for ESI Deduction it is up to Rs. 21000 is the limit , i.e. if a wages / salary is below Rs. 21000 then ESI Deduction is must.
Sir, as per Rule 52 of ESI (Central) Rules, 1950, the employees getting average daily wages upto Rs.137 are not required to contribute under ESI Act, 1948. However, the employers' share of contribution is required to be paid.
Mr Saurabh K Rastogi, Kindly post your question / query in proper understandable manners. Hope you might have understood the submission of Mehta ji. P K Sharma
I agree with Glidor. To be precise, as per ESIS Act revised as on 9.8.2016, anyone Earning < 15,000, is required to be covered under ESIC. This wage threshold is w.e.f. 01.05.2010.
@Harsh The employer has to submit the no of days and wages paid, then if the exemption is available to the specific employee, "the employee share would get ZERO, employer is not exempted, in any case
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Listed Under latest minimum wages City-India-Noida employer contribution minimum salary esic esic deduction esi act daily wages rule 52 minimum wages labour wages esi deduction Country-India
Salary Break up - After deduction.xls
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
