I would like to know if a company has applied for ESIC, whether all the employees following in the slab >10000, will be covered or the employees working in the office can be exempted from it.
Regards,
Mousmi
From India, Pune
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Regards,
Mousmi
From India, Pune
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I want help from all the experienced here. No one has answered my question. It's just that I wanted to know whether it is compulsory for all employees to pay for ESIC. Is there any kind of exemption?
From India, Pune
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From India, Pune
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Contribution
E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employer's contribution and employee's contribution at a specified rate. The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer's is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.50/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Collection of Contribution
An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due.[/SIZE][/B] The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
From United Arab Emirates, Dubai
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3E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employer's contribution and employee's contribution at a specified rate. The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer's is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.50/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Collection of Contribution
An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due.[/SIZE][/B] The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
From United Arab Emirates, Dubai
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May be this will give you additional info...
From United Arab Emirates, Dubai
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From United Arab Emirates, Dubai
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AS PER ESI ACT IF SALARY GRATER THAN Rs.10000 AT TIME OF APPOINTMENT OF ANY EMPLOYEE THAN IT WOULD BE OPTIONAL TO BECAME A MEMBER OF ESIC ASHISH
From India, Mumbai
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From India, Mumbai
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Dear Mousmi,
As per the ESIC Act, if any employee receives more than Rs. 10,000 per month, then they are not covered under the ESIC Act. If any employee receives Rs. 9,000 and is a member of the ESIC, and after an increment, they receive more than Rs. 10,000, then they contribute to the ESIC at the end of the current contribution period.
The contribution periods are as follows:
- April to Sept.
- Oct to March
Somvir Singh
From India, Panipat
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As per the ESIC Act, if any employee receives more than Rs. 10,000 per month, then they are not covered under the ESIC Act. If any employee receives Rs. 9,000 and is a member of the ESIC, and after an increment, they receive more than Rs. 10,000, then they contribute to the ESIC at the end of the current contribution period.
The contribution periods are as follows:
- April to Sept.
- Oct to March
Somvir Singh
From India, Panipat
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Employee referral scheme new.doc