Thread Started by #SUTARMOHAN22

Hello everyone...ESI deduction is required if a person salary is crossed 21000/- in between of contribution.. example: April to October his gross salary was 18000/- and he was paid ESI on it ...but now his salary is been increased due to increment as 25000/gross..
1.whether he has to pay Esi on arrears from April to October??as it's already paid on 18000/-gross
2 if yes then I have it till next contribution period upto March ..
10th December 2018 From India, undefined
Dear Mohan Sutar
For ESI contribution purpose the financial year has been divided into two halves, 1st April to 30th September and second half from 1st October to 31st March of next year.
If the wages of an employee (excluding remuneration for overtime work) exceeds the wage limit prescribed by the Central Government (Rs. 21,000/- or below) after start of contribution period, he continues to be an employee till the end of that contribution period and the contribution is to be deducted and paid on the total wages earned by him.
The contribution on enhanced wages is also payable from the month in which such increase is announced. There is NO NEED TO PAY CONTRIBUTION ON ARREARS PAID IF THE REVISION IS GIVEN WITH RETROSPECTIVE EFFECT.
Shailesh Parikh
99 98 97 10 65
Vadodara
10th December 2018 From India, Mumbai
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™