Dear All,
Please clarify the following: A person who was receiving a salary of Rs. 14,000/- gross had their salary revised to Rs. 17,000/- gross effective from July 2010. Now, at what salary will ESI contributions be made? The maximum limit is Rs. 15,000/- as per ESIC rules, and we are required to contribute both shares until the end of the ESIC return period, meaning up to September 2010. How should the calculation be done? (13,000 * 1.75/100 or 15,000 * 1.75/100 or 17,000 * 1.75/100)
Regards, Lalit
From India, New Delhi
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Please clarify the following: A person who was receiving a salary of Rs. 14,000/- gross had their salary revised to Rs. 17,000/- gross effective from July 2010. Now, at what salary will ESI contributions be made? The maximum limit is Rs. 15,000/- as per ESIC rules, and we are required to contribute both shares until the end of the ESIC return period, meaning up to September 2010. How should the calculation be done? (13,000 * 1.75/100 or 15,000 * 1.75/100 or 17,000 * 1.75/100)
Regards, Lalit
From India, New Delhi
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Contirbutions have to be made on "ENTIRE" amount ie., on the revised salary of Rs.17,000/-
From India, Tiruchchirappalli
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20From India, Tiruchchirappalli
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Dear Lalit,
The latest ceiling limit of ESI is Rs. 15,000 of gross salary. There is no need to pay ESI on the gross salary of Rs. 17,000. It is paid on only Rs. 15,000 until the contribution period ends, i.e., until Sep 30th. After this date, the employee is exempted from paying the ESI.
Regards,
Shreekanth.P.R
From India, Mumbai
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The latest ceiling limit of ESI is Rs. 15,000 of gross salary. There is no need to pay ESI on the gross salary of Rs. 17,000. It is paid on only Rs. 15,000 until the contribution period ends, i.e., until Sep 30th. After this date, the employee is exempted from paying the ESI.
Regards,
Shreekanth.P.R
From India, Mumbai
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Dear Lalit,
The deduction of ESI in employee and employer share is made on ₹17,000 of his Gross Salary till September 2010.
Regards,
Palvinder Singh
Executive - Legal & HR
Aparajitha Corporate Services Ltd.
Haldwani Area
From India, Dehra Dun
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The deduction of ESI in employee and employer share is made on ₹17,000 of his Gross Salary till September 2010.
Regards,
Palvinder Singh
Executive - Legal & HR
Aparajitha Corporate Services Ltd.
Haldwani Area
From India, Dehra Dun
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Hi lalit, Esi contribution will be made on Rs. 17000/- till sep’10, for both employee and employer, after contribution period no need to submit the contribution. Thanks & Regards Sunil Sharma
From India, New Delhi
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From India, New Delhi
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Dear Lalit,
All my friends are telling the truth and correct except one. The deduction will be on 17000/-, of course, if it doesn't include washing allowance in the component factor, and it will be up to the end of the contribution period.
Regards,
KIRAN KALE
From India, Kolhapur
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All my friends are telling the truth and correct except one. The deduction will be on 17000/-, of course, if it doesn't include washing allowance in the component factor, and it will be up to the end of the contribution period.
Regards,
KIRAN KALE
From India, Kolhapur
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Hi All,
Adding to Lalit's case, if the salary is revised post-September, let's say in January, then what will be the consequences? Will the contribution continue until next September, or will the financial year-end have some implications on it? Please clarify.
Thank you in advance for your help.
Regards,
Shom
From India, Gurgaon
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Adding to Lalit's case, if the salary is revised post-September, let's say in January, then what will be the consequences? Will the contribution continue until next September, or will the financial year-end have some implications on it? Please clarify.
Thank you in advance for your help.
Regards,
Shom
From India, Gurgaon
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Dear Shom,
For ESIC contribution, a fiscal year is considered as two half contribution periods:
i.e.,
Contribution Period one: 1st Apr of 2010 to 30th Sept 2010
Contribution Period two: 1st Oct 2010 to 31st Mar 2011.
The month of salary revision in relation to the contribution period will affect our ESIC contribution. I hope this clarifies your doubt.
From India, Vijayawada
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For ESIC contribution, a fiscal year is considered as two half contribution periods:
i.e.,
Contribution Period one: 1st Apr of 2010 to 30th Sept 2010
Contribution Period two: 1st Oct 2010 to 31st Mar 2011.
The month of salary revision in relation to the contribution period will affect our ESIC contribution. I hope this clarifies your doubt.
From India, Vijayawada
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Dear Lalit,
As per the ESIC Act, during the Contribution Period to pay the ESIC contribution, the gross salary i.e. (contribution Period April to September & October to March), if the salary exceeds the ESIC limit, the contribution for that period needs to be paid.
With regards,
Balamurugan.L
From India, Kochi
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As per the ESIC Act, during the Contribution Period to pay the ESIC contribution, the gross salary i.e. (contribution Period April to September & October to March), if the salary exceeds the ESIC limit, the contribution for that period needs to be paid.
With regards,
Balamurugan.L
From India, Kochi
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Mr. Lalit's should be on Rs. 17,000/- up to Sep '10. Mr. Shom25, the contribution periods for ESI are as follows:
1st Contribution period - Apr to Sep
2nd Contribution period - Oct to Mar
In your case, it is up to March.
Bhaskara Rao
From India, New Delhi
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1st Contribution period - Apr to Sep
2nd Contribution period - Oct to Mar
In your case, it is up to March.
Bhaskara Rao
From India, New Delhi
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Hi, ESI ceiling limit is Rs. 15000/- Gross. However, the individual will continue to pay till september as per old gross salary. regds narayan
From India, Madras
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From India, Madras
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Dear all, Esi contribution made on rs 17000/- you will have to pay same contribution while period will not be finished. Esic period is april to september & Octobe to march Brijesh Saxena 9871196569
From India, Gurgaon
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From India, Gurgaon
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Dear All,
Now, I have understood that ESI will be applicable on Rs. 17,000 gross until September 10. Today, I discussed this matter with our Area Insurance Inspector from ESIC. He explained all aspects to me.
Thank you all for sharing your valuable knowledge with me.
Regards,
Lalit
From India, New Delhi
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Now, I have understood that ESI will be applicable on Rs. 17,000 gross until September 10. Today, I discussed this matter with our Area Insurance Inspector from ESIC. He explained all aspects to me.
Thank you all for sharing your valuable knowledge with me.
Regards,
Lalit
From India, New Delhi
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As per ESI act,april to september and october to march the exceed of the cross salary above 15000/-.in between contribution period to pay the ESIC contribution amount.
From India, Madras
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From India, Madras
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Dear Lalit Esi Contribution will deduct on Rs.17000/ amount till september means end of return period. regards pulkit
From India, New Delhi
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From India, New Delhi
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Dear Shom,
ESIC Half Yearly return period:
From April to September
From October to March
You can observe from this example:
Mr. X joined recently, say in April, with 14000 INR. After two months, in July, the salary has been increased by 5000 INR, making the total salary 19000 INR. In this case, ESIC (1.75%) will be calculated on 19000 INR up to September. However, remember that the washing allowance will be excluded from the gross. After September, he/she will be exempt from ESIC.
4.75% will be remitted by the employer, while 1.75% will be deducted from the employee's gross salary. Many times, in the case of CTC, a total of 6.5% is deducted from the employee's CTC.
Cheers...
From India, Jhajjar
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ESIC Half Yearly return period:
From April to September
From October to March
You can observe from this example:
Mr. X joined recently, say in April, with 14000 INR. After two months, in July, the salary has been increased by 5000 INR, making the total salary 19000 INR. In this case, ESIC (1.75%) will be calculated on 19000 INR up to September. However, remember that the washing allowance will be excluded from the gross. After September, he/she will be exempt from ESIC.
4.75% will be remitted by the employer, while 1.75% will be deducted from the employee's gross salary. Many times, in the case of CTC, a total of 6.5% is deducted from the employee's CTC.
Cheers...
From India, Jhajjar
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