Hi all,
As we all know, ESIC has increased the limit from Rs. 10,000.00 to Rs. 15,000.00 effective 01/05/2010. My query is: Since we are aware that changes to ESIC membership can only be made in the months of April and October, do we need to begin deducting ESIC from May onwards for employees earning between Rs. 10,000 and Rs. 15,000, or should this deduction start from October onwards? Please advise.
From India, Mumbai
Acknowledge(0)
Amend(0)
10As we all know, ESIC has increased the limit from Rs. 10,000.00 to Rs. 15,000.00 effective 01/05/2010. My query is: Since we are aware that changes to ESIC membership can only be made in the months of April and October, do we need to begin deducting ESIC from May onwards for employees earning between Rs. 10,000 and Rs. 15,000, or should this deduction start from October onwards? Please advise.
From India, Mumbai
Acknowledge(0)Amend(0)
Yes, ESI continues to be deducted in respect of employees who are drawing between 10k to 15k from 1.5.10.
The other rule is that, though at the beginning of the contribution period, i.e., during April & October, anybody drawing within the ceiling limit and later having their salary exceed the wage ceiling, their contribution is to be deducted until the end of such contribution period. For example, if a person is drawing 15,000 during May and exceeds the wage ceiling after May, the contribution must continue until the end of the contribution period, i.e., until the end of September.
If you have any doubts or queries, do not hesitate to call at 09443434313 or email at vsyamprasad@yahoo.com.
From India, Hyderabad
Acknowledge(0)Amend(0)
The other rule is that, though at the beginning of the contribution period, i.e., during April & October, anybody drawing within the ceiling limit and later having their salary exceed the wage ceiling, their contribution is to be deducted until the end of such contribution period. For example, if a person is drawing 15,000 during May and exceeds the wage ceiling after May, the contribution must continue until the end of the contribution period, i.e., until the end of September.
If you have any doubts or queries, do not hesitate to call at 09443434313 or email at vsyamprasad@yahoo.com.
From India, Hyderabad
Acknowledge(0)Amend(0)
The rule is: Employees already covered under the ESI Scheme, if their salaries increase beyond the prescribed wage ceiling, ESI deductions for such employees will continue until the close of the Contribution period. Such employees will be exempted from ESI coverage ONLY after the current Contribution Period if over. Trust this answers your query.
Vasant Nair
From India, Mumbai
Acknowledge(0)Amend(0)
Vasant Nair
From India, Mumbai
Acknowledge(0)Amend(0)
Dear All, Please find the attached notification for your help
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear All,
In many pay packages, we have the option to change the ESI deduction only during April or October, which are the beginning months of the contribution period. If we opt for Non-ESI for those whose salary is Rs. 14,000.00 for the month of April 2010, ESI deductions will not be made until the end of the contribution period, i.e., for 6 months up to September 2010. However, now we have to recover ESI contributions for Rs. 14,000.00 from 1/5/2010, which many salary packages may not have the option for. If we deduct ESI for Rs. 14,000.00 from 1/5/2010, the package will deduct ESI for Rs. 14,000.00 for April 2010.
Can anyone help me in this regard?
With regards,
Raju M.R.G.
ESI, PF, and Labour Consultant
Email: mrgraju2007@yahoo.co.in
From India, Bangalore
Acknowledge(0)Amend(0)
In many pay packages, we have the option to change the ESI deduction only during April or October, which are the beginning months of the contribution period. If we opt for Non-ESI for those whose salary is Rs. 14,000.00 for the month of April 2010, ESI deductions will not be made until the end of the contribution period, i.e., for 6 months up to September 2010. However, now we have to recover ESI contributions for Rs. 14,000.00 from 1/5/2010, which many salary packages may not have the option for. If we deduct ESI for Rs. 14,000.00 from 1/5/2010, the package will deduct ESI for Rs. 14,000.00 for April 2010.
Can anyone help me in this regard?
With regards,
Raju M.R.G.
ESI, PF, and Labour Consultant
Email: mrgraju2007@yahoo.co.in
From India, Bangalore
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
ESIC-Contributi on-Transfer-For m.pdf
ESIC Wage Limit Increased.JPG