Hi, i live’s in karnataka. some people says recently ESIC made that contractor deposit 42,000 while registering, is that true?
From India, Chennai
From India, Chennai
no of employees ( usually 20) x minimum wages as per state rules or actual wages (whichever is greater) x 10 months contribution payable is to be deposited in advance to avoid any unwanted situation due to failure of contribution payment and safguard the interest of employees
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Bombay Anand Bhavan Restaurant-vs- ESIC SC 2-09-2009.pdf
Security Amount Proof.docx