Minimum Salary For Esic Deduction - Pdf Download

Hi Sukanta,
Thank you very much.
Please check below mention salary bifurcation and let me know it is correct or not.
Basic- 3795.30
HRA- 1897.95
Conveyance- 800.00
Mobile Allowance- 500.00
Advance Bonus Payout- 292.00
Special Allowance- 4850.00
Gross Salary- 12134.95
Deduction
PF Employee Contribution - 455.44
ESIC Employee Contribution- 212.36
ESIC Employer Contribution- 576.41
Professional Tax- 200.00
Personal Accident- 50.00
Total Deduction - 1294.21
Net Salary-10640.74
Retrievals
PF company Contribution - 516.54
Total Eaening - 516.54
CTC- 12651.00
Regards,
Sanjivani

Dear Sanjivani,
This is not fully correct.
basic 3795.30
hra 1897.95
conv 800
mob 500
adv bonus 292
spl all 4850
gross 12135.25
pf 13.61% 517
esic 4.75% 577
ctc 13229
pf 12% 455
esic 1.75% 213
ins 50
ptax 110 (w.b rate)
total ded 828
net 11307
i think you cleared.
regards,
sukanta.

Dear sanjivani
In your example under deductions, You have shown the employer's contribution at Rs.4.75% thereby indicatiing that you have deducted the employer's contribution also from the salary of the employee. If it is so, it is not correct. The employer shall not deduct his contribution from the salary of the employee but remit his share to ESIC on his own account.
B.Saikumar
HR & Labour Law Advisor
Mumbai
09930532927

Dear Atomz,
You are right that previously this was Rs. 70/- Current rate is Rs. 100 per day, but Do you have any Hard copy from ESIC itself.
Keep Searching.
Regards,
Zulfi.

OK
Sk. Zulfequar.
Please find the attachment for the Rs. 100/day exemption ( point no. 5 Contribution)
It is called the Citizen's Charter.
Stay Cool,
Atom

Dear sukantha,
The act is applicable for those establishments,where more then 10+ workers are working, then they are comes under ESIC act 1948. here, the employee contribution is 1.75% from gross salary and employer contribution is 4.75%. The benefits of the act is Sick leave, maternity benefit, Paternity benefit, disablement benefit, accident benefit, and funeral benefit, these are mandatory.
Regards,
B.SHARAN
HR Admn.

The limit of 100 per day makes no sense when the minimum wages are at least 30% more
For practical purposes, among compliant companies, this clause is of no consequences

OK
Saswatabanerjee
It is labour department's duty to see if the employer is not giving the minimum wage and ESIC has nothing to do with it. so please do not tangle each other.
and lastly neither I (nor you) could change the act or to decide that it makes any sense or not. So just give the proper information to the community.
Stay Cool,
Atom

Both esic and PF departments have taken it on them selves to ensure that statutory dues are paid on minimum wages (irrespective of whether min wages is paid). So these matters are "entangled"
We can not change the law, but if we not look at all sides of aspects, we get into problems. So it is important when we post of the site to include riders which make the provision of the law useless for practical purposes

Hi Sukanta,
There is no Minimum Salary for ESIC. Any employee under our payroll we have to give them ESIC benefit. Now the maximum Limit is 21000 not 15000.
Thanks & Regards,
Nagarjun R
HR Admin
Papas Trading Private Limited