I am the Proprietor of a security agency. We provide guards to govt entities. An independent dept of the GOI decided on the salary structure of the guards.
Recently, the indep dept published the structure where EPF and ESIC for employees beyond gross salary of 15000/- and 21000/- respectively was indicated as 'Not Applicable'. In the earlier structure it was indicated as 'As Applicable' and hence we were drawing the same from the Principal Employer and depositing it.
Hence the query is that, can we stop the EPF and ESIC abruptly based on the laid down salary structure and if so what and what actions are to be taken based on the fact that they have exceeded the exemption limits. Or is it that once an employee gets the benefit of EPF and ESIC he continues to get it even if his gross crosses the exemption limits of 15000 and 21000 respectively.
The second query is on the EPF limit. Is EPF not applicable to those drawing salary beyond the limit of 15000; or is it that irrespective of the salary, EPF contribution is restricted to 15000/- Which of the two statements is correct.
Recently, the indep dept published the structure where EPF and ESIC for employees beyond gross salary of 15000/- and 21000/- respectively was indicated as 'Not Applicable'. In the earlier structure it was indicated as 'As Applicable' and hence we were drawing the same from the Principal Employer and depositing it.
Hence the query is that, can we stop the EPF and ESIC abruptly based on the laid down salary structure and if so what and what actions are to be taken based on the fact that they have exceeded the exemption limits. Or is it that once an employee gets the benefit of EPF and ESIC he continues to get it even if his gross crosses the exemption limits of 15000 and 21000 respectively.
The second query is on the EPF limit. Is EPF not applicable to those drawing salary beyond the limit of 15000; or is it that irrespective of the salary, EPF contribution is restricted to 15000/- Which of the two statements is correct.