can any one tell me why the esic contribution for employee is 1.75% and why the employeer contribution is 4.75%. Why there is difference between them
From India, Mumbai
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From India, Mumbai
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Dear Ruchir Shah, that's true. Once a contribution is paid for a period, it is compulsory to pay until the end of the contribution period unless the employee resigns or leaves the job. So, dear, you have to pay your ESI contribution until 30th September 2011, and from 1st October 2011, you will be out of coverage.
From India, Calcutta
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From India, Calcutta
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In my opinion, employers will get relief from the Workmen's Compensation Act and the Maternity Benefit Act. Hence, their share is more than the employees'.
Further, being an employer, it is their responsibility to look after the welfare of their employees for better productivity.
From India, Hyderabad
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87Further, being an employer, it is their responsibility to look after the welfare of their employees for better productivity.
From India, Hyderabad
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ESIC introduced for social legistration purpose. To remove burdon on employer in terms of taking care of medical / accident issue / illness etc & also get good benefit to employee from govt.
From India, Mumbai
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From India, Mumbai
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To all, please guide me regarding the amount of wages on which ESIC is applicable. If a person is drawing more than fifteen thousand rupees per month, and if he draws less than fifteen thousand rupees in a month due to absenteeism, in that case, will ESIC deduction be applicable?
Regards, Parashar
From India, Amritsar
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Regards, Parashar
From India, Amritsar
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Esic Benefits.docx
ESIC HANDICAPED EMPLOYEE REGISTRATION-23 0311PhyHEmp.pdf