Friends, PFA draft of notification for proposed reduction in rates of ESI contribution as under:
Employer's contribution : from 4¾% to 4%
Employee's contribution: from 1¾% to 1%
Final notification will be issued after getting comments from all concerned.
Thanks
From India, Malappuram
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1446Employer's contribution : from 4¾% to 4%
Employee's contribution: from 1¾% to 1%
Final notification will be issued after getting comments from all concerned.
Thanks
From India, Malappuram
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Thank you for the circular.
Please, can you guide me on whether we should not deduct ESI from an employee working in a factory whose total salary, including overtime (OT), is more than 21,000/-? In the event of an accident, who is responsible for paying the medical allowance and damages, especially in the case of death?
From India, Mohali
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Please, can you guide me on whether we should not deduct ESI from an employee working in a factory whose total salary, including overtime (OT), is more than 21,000/-? In the event of an accident, who is responsible for paying the medical allowance and damages, especially in the case of death?
From India, Mohali
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Can u plz explain the same breifly, i would be highly obliged for the same. I am attaching an sample from the salary sheet.
From India, Mohali
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From India, Mohali
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Dear Subvimal,
Your attached file has incorrect calculations. You have calculated ESI on amounts above 21k, which is inaccurate. ESI is applicable only on gross salaries equal to or below 21000.
Regarding PF, PF deductions should be made only on Basic+DA. The limit for PF ceiling is 15000 (Basic + DA).
Thank you.
From India, Hyderabad
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Your attached file has incorrect calculations. You have calculated ESI on amounts above 21k, which is inaccurate. ESI is applicable only on gross salaries equal to or below 21000.
Regarding PF, PF deductions should be made only on Basic+DA. The limit for PF ceiling is 15000 (Basic + DA).
Thank you.
From India, Hyderabad
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ESI contribution rates lowering.pdf
ESI & PF CALCULATION.xls