If an ESI-covered employee's salary was revised effective from May 1st, for example, to $25,000, is it possible to provide an exemption so that ESI is not deducted from the May salary, but instead deduct the ESI amount from May to September salaries?
From India, Mumbai
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From India, Mumbai
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There are no exemption provisions under the ESI Act, 1948, through which any employee can be granted exemption for any specific month. The ESI wage limit currently stands at up to and including Rs. 15,000 per month.
From India, Noida
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944From India, Noida
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In contribution period i.e. April-Sept. and Oct. to Mar. ESI deduction can not be changed, you have to deduct ESI up to Sept. Month, in this particular case.
From India, Delhi
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From India, Delhi
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Once you register under the ESIC, you can't opt-out, even if you don't have eligible staff for ESIC. In that case, you have to submit NIL returns to the authority.
Secondly, revisions to salary should not affect the contribution period. Any revision should be effective post the end of the respective contribution period only.
Regards,
Tushar Swar
From India, Mumbai
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Secondly, revisions to salary should not affect the contribution period. Any revision should be effective post the end of the respective contribution period only.
Regards,
Tushar Swar
From India, Mumbai
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