hie,
I m eva.I have a query regarding the deduction and wage ceiling under esic.
I have joined my current job in november 2006.while offer later was given in the month of october.I was offered package of 1.25 lacs per annum.
that comes to 10417 per month.the breakup is as below:-
Basic -5000
Hra-2000
Medical allowance-445
Pf-12% of basic i.e -600
SA-2372
But when i got my first salary,there was no medical allowance included in that,instead esic was deduted from that.
And that too both employees and employers contribution i.e 1.75 % and 4.75% respectively was deducted from my salary.
As per my knowledge the updated wage ceiling for esic is 10,000.
Can anyone help me with the solution?And why i have been covered under esic?
Pls reply back
I m eva.I have a query regarding the deduction and wage ceiling under esic.
I have joined my current job in november 2006.while offer later was given in the month of october.I was offered package of 1.25 lacs per annum.
that comes to 10417 per month.the breakup is as below:-
Basic -5000
Hra-2000
Medical allowance-445
Pf-12% of basic i.e -600
SA-2372
But when i got my first salary,there was no medical allowance included in that,instead esic was deduted from that.
And that too both employees and employers contribution i.e 1.75 % and 4.75% respectively was deducted from my salary.
As per my knowledge the updated wage ceiling for esic is 10,000.
Can anyone help me with the solution?And why i have been covered under esic?
Pls reply back