Dear Sir/Madam,
I worked out the payroll statement for the ESIC revised ceiling, which 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 that we have to retain the same.
Request to share if any notifications or advise any alternative to retain the net take-home amount.
Thanks,
Meena
From India, Bangalore
Acknowledge(0)
Amend(0)
I worked out the payroll statement for the ESIC revised ceiling, which 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 that we have to retain the same.
Request to share if any notifications or advise any alternative to retain the net take-home amount.
Thanks,
Meena
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Meena,
There is no notification to retain the net take-home salary. Management can plan to retain the take-home wages to motivate the employees.
The employer's contribution of 4.75% is an additional overhead for the employer, so the employee can bear 1.75% to avail any medical benefits. It is better to prepare a detailed presentation and explain the same to the employees regarding the benefits of the employee by just paying 1.75%.
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)
653There is no notification to retain the net take-home salary. Management can plan to retain the take-home wages to motivate the employees.
The employer's contribution of 4.75% is an additional overhead for the employer, so the employee can bear 1.75% to avail any medical benefits. It is better to prepare a detailed presentation and explain the same to the employees regarding the benefits of the employee by just paying 1.75%.
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
From India, Bagnan
Acknowledge(0)Amend(0)
It's nothing but ESIC is only thinking of its profitability. If not, it could have extended the exemption limit of daily wage, which is now Rs-100. At least if they are thinking about employee benefits, they could have waived off the employee contribution for low-paid staff. But they didn't.
From India, Bagnan
Acknowledge(0)Amend(0)
From India, Bagnan
Acknowledge(0)Amend(0)
Exemption limit is not Rs100. now it is Rs 137/-day..This was notified buy GOI.
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
This is a request to Mr. Varghese Mathew. Sir, can you please share the notification for increasing the exemption for daily wage limit from 100 Rs to 137 Rs. The ESI official here says that there was a proposal to increase it to 137 Rs, but it is yet to be implemented.
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
ESIC notification increase wage ceiling (15000 to 21000).pdf