Esic Exemption

nitinshrm15
Dear Seniors,
To begin with A Very Good Morning to you. I am having a problem regarding Esic Exemption. According to Esic if an employee getting more than 15000 gross wages so he/she will not be eligible for Esic. So, now my question is that if an employee get gross wage more than 150000 (Wage + O.T) in two or three months in half yearly contribution period (apr to sep, oct to mar) so after that in future he/she will be eligible for Esic in next month or next contribution period. Your reply would be greatly appreciated.
Thanks & Regard's
Nitin Sharma
nitinshrm15
Dear Seniors,
Please help me because you are the only person who can solve this problem. Please reply because our esic challan is getting late day by day.
Thanks & Regard's
Nitin Sharma
Sum_786
Hi,
You can contact near esic office ; as per my view in gross wages only fix wages considering for that OT you are not giving on regular basis. But confirm it with concern ESIC authority.
varghesemathew
If during a contribution period,excluding OTwages if an employees gross wages is above Rs15000/pm he can be exempted from the beginning of next CP.
shanmuganathan@bombayrayon.com
I do agree with Mr. Varghese mathew view.
For eligible condition the standard wages earned by the employee should be considered. The fluctuation due to variation in salary due to Overtime and other payments which is not constant, will not be considered for deciding the coverage under ESI.
Rhivu
to be on the safer and convenient side you my contribute for wages up to 15000/-. tha tway your IP will also continue to remain insured .
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