Hi sir/Madam,
I am the admin manager for a newly formed establishment of jewellery group. our establishment consist of 18 staff till now and I want to follow all legal rules and regulations in a proper manner from the beginning onwards. For this i need your help and suggestion regarding EPF and ESIC. I know the contribution rate of EPF and ESIC as 12% from both i.e., employer and employee for EPS and 1.75% and 4.25% for ESIC.
My query is regarding the no. of staff required for the eligiblity of ESIC and on what conditions. We pay gross salary of Rs. 10,000/-, 15,000/-, 20,000/- and 25,000/- and in which I have divided 25% only as basic salary and the remaining for other allowances like TA, HRA, Medical, CCA and others. Now kindly assist me that among this mentioned pay scale which employee should be included for EPF and ESIC. Kindly assist me in detailed manner...
I am the admin manager for a newly formed establishment of jewellery group. our establishment consist of 18 staff till now and I want to follow all legal rules and regulations in a proper manner from the beginning onwards. For this i need your help and suggestion regarding EPF and ESIC. I know the contribution rate of EPF and ESIC as 12% from both i.e., employer and employee for EPS and 1.75% and 4.25% for ESIC.
My query is regarding the no. of staff required for the eligiblity of ESIC and on what conditions. We pay gross salary of Rs. 10,000/-, 15,000/-, 20,000/- and 25,000/- and in which I have divided 25% only as basic salary and the remaining for other allowances like TA, HRA, Medical, CCA and others. Now kindly assist me that among this mentioned pay scale which employee should be included for EPF and ESIC. Kindly assist me in detailed manner...