Dear Friend
please some question
Rate of Contribution of the wages:Employers’ 4.75%,Employees’ 1.75%
Coverage Of employees:Drawing gross wages Up to Rs.15,000/- per month Engaged either directly or thru’ contractor w.e.f.01/05/2010
Manner and Time Limit For making Payment of contribution: The total amount of contribution (employee’s share and employer’s share) is to be deposited with the authorized bank through a challan in the prescribed form in on ore before 21st of month following the calendar month in which the wages fall due.
Benefits: Medical, sickness, extended sickness for certain diseases, enhanced sickness, dependents, maternity, besides funeral expenses, rehabilitation allowance, medical benefit to insured person and his or her spouse.
Contribution period: 1st April to 30th September., 1st October to 31st March
Benefit period: 1st July to 31st December., 1st January to 30th June
To be deemed as wages: • Basic pay
• Dearness allowance
• House rent allowance
• City compensatory allowance
• Overtime wages (but not to be taken into account for determining the coverage of an employee)
• Payment for day of rest
• Production incentive
• Bonus other than statutory bonus
• Night shift allowance
• Heat, Gas & Dust allowance
• Payment for unsubstituted holidays
• Meal/food allowance
• Suspension allowance
• Lay off compensation
• Children education allowance (not being reimbursement for actual tuition fee)
NOT to be deemed as wages:
• Contribution paid by kthe employer to any pension/provident fund or under ESI Act.
• Sum paid to defray special expenses entailed by the nature of employment – Daily allowance paid for the period spent on tour.
• Gratuity payable on discharge.
• Pay in lieu of notice of retrenchment compensation
• Benefits paid under the ESI Scheme.
• Encashment of leave
• Payment of Inam which does not form part of the terms of employment.
• Washing allowance for livery
• Conveyance Amount towards reimbursement for duty related journey[/QUOTE]