My gross salary was Rs. 14,500.00 in the month of Apr-12, and the increment was due in April. However, the increment was delayed from the management side and was released in the month of May-12. Now, my revised salary is Rs. 17,500.00. ESIC contribution deducts on Rs. 17,500.00, i.e., Rs. 307.00, or it will be applicable to the statutory salary limit of ESIC Rs. 15,000.00, i.e., the maximum ESIC contribution amount of Rs. 263.00 per month. Please reply.
From India, Ahmadabad
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From India, Ahmadabad
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Hi Imran, You are out of the ESIC contribution slab as your gross salary exceeds Rs 15000, henceforth shall not be liable for any deduction. Regards Kriety Gupta
From India, Pune
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From India, Pune
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As your gross pay exceeds Rs 15,000, you are not liable for any deduction for the ESIC Contribution. For any further clarification, feel free to write or discuss.
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GAUTAM KAR
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From India, Kolkata
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68Regards,
GAUTAM KAR
Find me at:
http://www.facebook.com/GAUTAMBKAR
https://twitter.com/GAUTAMKAR4U
From India, Kolkata
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx
Salary Increment.pps