What is ESI? What are the industries are eligible to deduct ESI From salary? Please give full information about ESI?
From India, Madras
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From India, Madras
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Eligibility: * Any establishment whose employee strength is more than 20. * Gross salary should be less than 10000.
From India, Madras
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60From India, Madras
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any emp whose salary rs. 10000 or less than 10000 will be covered in the esi from the day one with regards rajesh chauhan
From India, Gurgaon
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From India, Gurgaon
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Employee's State Insurance (ESI)
ESI DEDUCTION:
Employee = 1.75% (of gross salary)
Employer = 4.75% (of gross salary)
Maximum limit of ESI deduction: Rs. 10,000/- gross salary (above Rs. 10,000/- ESI not applicable)
Date and month of statutory return: Before 21st ESIC Challan
Monthly statutory register should be maintained. ESIC half-yearly in the month of May.
Regards,
Pankaj Chandan
From India, New delhi
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ESI DEDUCTION:
Employee = 1.75% (of gross salary)
Employer = 4.75% (of gross salary)
Maximum limit of ESI deduction: Rs. 10,000/- gross salary (above Rs. 10,000/- ESI not applicable)
Date and month of statutory return: Before 21st ESIC Challan
Monthly statutory register should be maintained. ESIC half-yearly in the month of May.
Regards,
Pankaj Chandan
From India, New delhi
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Dear Vijay,
ESI is applicable to those who are getting a salary Basic+DA+HRA (up to Rs. 10,000 excluding overtime wages) per month. Above this salary limit is exempted. Organizations having 10 persons with the aid of power & 20 persons without the aid of power are required to comply with ESI regulations.
ESI deductions are as follows: 1.75% from the employee's salary and 4.75% from the employer's contribution. ESI contributions start from day one of the employee's joining.
Best Regards,
Sajid Ansari
From India, Delhi
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ESI is applicable to those who are getting a salary Basic+DA+HRA (up to Rs. 10,000 excluding overtime wages) per month. Above this salary limit is exempted. Organizations having 10 persons with the aid of power & 20 persons without the aid of power are required to comply with ESI regulations.
ESI deductions are as follows: 1.75% from the employee's salary and 4.75% from the employer's contribution. ESI contributions start from day one of the employee's joining.
Best Regards,
Sajid Ansari
From India, Delhi
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ESI DEDUCTION:- EMPLOYEE = 1.75 % (OF GROSS SALARY) EMPLOYER = 4.75 % (OF GROSS SALARY) Total ESI Contribution = 6.5%
From India, Bengaluru
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From India, Bengaluru
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ESI means Employee's State Insurance Corporation. Basically, ESI is applicable for all types of industries, and you must deduct ESI from the daily wages of construction workers. I was unaware of this matter when ESI inspection was taking place in my company. The ESI limit for salaried employees is up to Rs. 10,000.
ESI Deductions:
ESI deduction up to a salary of Rs. 10,000.
Total deduction of ESI is 6.5% of the gross salary.
Employees contribute 1.75% of the gross salary.
Employers contribute 4.75% of the gross salary.
Returns:
- Half-yearly
- Annual return
This is all about ESIC.
Thanks & Regards,
Mahesh Khilar
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ESI Deductions:
ESI deduction up to a salary of Rs. 10,000.
Total deduction of ESI is 6.5% of the gross salary.
Employees contribute 1.75% of the gross salary.
Employers contribute 4.75% of the gross salary.
Returns:
- Half-yearly
- Annual return
This is all about ESIC.
Thanks & Regards,
Mahesh Khilar
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Dear Dingu Vijay,
The ESI scheme is a unique multidimensional self-financing social security scheme in which every contribution is a benefactor and a beneficiary. This integrated scheme of health insurance provides comprehensive medical cover and cash benefits in the contingencies of sickness, maternity, disablement, and death due to employment injury to the insured persons and their dependants.
ESI coverage is for 10 employees in businesses such as Power Used (e.g., Printing press, Manufacturing, etc.). Otherwise, a minimum of 20 employees is required for ESI coverage, who draw a salary up to Rs. 10,000.00.
For more details, please reach out to Kumar at 9811747078 or via email at kumaresic@rediffmail.com.
From India, Calcutta
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The ESI scheme is a unique multidimensional self-financing social security scheme in which every contribution is a benefactor and a beneficiary. This integrated scheme of health insurance provides comprehensive medical cover and cash benefits in the contingencies of sickness, maternity, disablement, and death due to employment injury to the insured persons and their dependants.
ESI coverage is for 10 employees in businesses such as Power Used (e.g., Printing press, Manufacturing, etc.). Otherwise, a minimum of 20 employees is required for ESI coverage, who draw a salary up to Rs. 10,000.00.
For more details, please reach out to Kumar at 9811747078 or via email at kumaresic@rediffmail.com.
From India, Calcutta
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Dear Prasad, I guess this ESI PPT will help you. Regards, Lakshman
From India, Hyderabad
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From India, Hyderabad
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Dear, The employment strength required for ESi Is 10/20 ie. for power using 20. Salary for compulsory ESI deduction 10,000/- or less. Suresh
From India, Kochi
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From India, Kochi
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The Employees' State Insurance Act, (ESI) provides for certain benefits to employees in case of sickness, maternity and employment injury. It applies to the organization with more than 10 employees who have less than 10000rs salary. The employer is required to contribute at the rate of 4.75% of the salary paid. The employees are also required to contribute at the rate of 1.75% of their salary.It is the employer's responsibility to deposit his own as well as employee's contributions in respect of all employees including the contract labour, into the E.S.I. Account.
From India, Kollam
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From India, Kollam
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Hello Friends,
Please help me out with ESIC calculation:
If the gross salary for staff is Rs. 10,200 p.m., it means they are not eligible for ESIC facilities. However, our salary structure includes a Washing Allowance (Expenses) of Rs. 300, making the salary Rs. 9,900 per month.
Do we need to provide ESIC facilities to that staff or not?
Regards,
Madhura
From India
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Please help me out with ESIC calculation:
If the gross salary for staff is Rs. 10,200 p.m., it means they are not eligible for ESIC facilities. However, our salary structure includes a Washing Allowance (Expenses) of Rs. 300, making the salary Rs. 9,900 per month.
Do we need to provide ESIC facilities to that staff or not?
Regards,
Madhura
From India
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Hi Rajasekar,
A nice informative PPT. In addition to the labor legislation mentioned in the PPT, The Factories Act 1948, and Industrial Disputes Act, 1947 are important to comply with. Besides, the HR department has to comply with the provisions of environmental laws. Keep on posting.
Avinash Kanoray
9890752690
akanoray@sify.com
From India, Pune
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A nice informative PPT. In addition to the labor legislation mentioned in the PPT, The Factories Act 1948, and Industrial Disputes Act, 1947 are important to comply with. Besides, the HR department has to comply with the provisions of environmental laws. Keep on posting.
Avinash Kanoray
9890752690
akanoray@sify.com
From India, Pune
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