

+1 Other
Dear Sirs, As per NEW SOCIAL SECURITY CODE, would the wage ceilings for EPF Contributions and ESI continue and will attract ESI contribution on 50% Allowance which are not part of wage as per latest WAGE DEFINITION. Kindly explain...
From India, Nizamabad
From India, Nizamabad
Yes Sir. i completely agree with you, My question is pertaining to Wage Definition in Social Security Code.
As per ESIC - Wages allowances also attarcts ESIC COntribution, whereas ocial Security Code defines Upto 50% of allowances in wages are excluded. sothat ESIC contribution excludes this clause or not
From India, Nizamabad
As per ESIC - Wages allowances also attarcts ESIC COntribution, whereas ocial Security Code defines Upto 50% of allowances in wages are excluded. sothat ESIC contribution excludes this clause or not
From India, Nizamabad
Esic is applicable on total gross salary which includes allowances what soever it is.
The wage code main crux is that if allowances is more than 50%, then the % exceeding more than 50% be merged into basic and DA.
So far no such notification is issued by epf or esic in the contribution limits and it is same.
From India, Vadodara
The wage code main crux is that if allowances is more than 50%, then the % exceeding more than 50% be merged into basic and DA.
So far no such notification is issued by epf or esic in the contribution limits and it is same.
From India, Vadodara
Dear all i am little bit confuse that the deduction of PF and ESIC is from basic salary or net salary
From India, Jaipur
From India, Jaipur
#Subject List: esi act esic esic contribution social security Country-India City-India-Nizamabad