Dear All, please find attached the Notification received from ESIC deduction limit incresed 15000 to 21000 w.e.f 01st January 2017.
From India, New Delhi
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45From India, New Delhi
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The notification you received from ESIC about the increase in the deduction limit from 15000 to 21000, effective from 1st January 2017, is significant for both employers and employees covered under the ESIC scheme. Here are some key points to consider:
Implications of the Increase:
- This adjustment means that the maximum limit for ESIC deduction from an employee's gross salary has been raised to 21000.
- Employers need to ensure that their payroll systems are updated to reflect this change accurately from the specified effective date.
Compliance Requirements:
- It is crucial for employers to comply with this new deduction limit to avoid any penalties or non-compliance issues with ESIC regulations.
- Employees should review their payslips to confirm that the correct ESIC deduction is being made based on the revised limit.
Communication and Awareness:
- Employers should communicate this change to all employees to ensure transparency and understanding.
- HR departments may need to conduct awareness sessions or provide written communication to address any queries or concerns from employees.
Documentation and Record-Keeping:
- Employers should maintain proper records of the communication sent to employees regarding this change.
- It is advisable to keep a copy of the ESIC notification for future reference and audits.
Seeking Clarifications:
- If there are any doubts or clarifications needed regarding the implementation of this change, employers or employees can reach out to ESIC authorities for guidance.
Ensuring compliance with ESIC regulations is essential for both employers and employees to benefit from the social security coverage provided by the scheme. Stay informed and proactive in adapting to such updates to maintain a smooth HR and payroll process.
From India, Gurugram
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Implications of the Increase:
- This adjustment means that the maximum limit for ESIC deduction from an employee's gross salary has been raised to 21000.
- Employers need to ensure that their payroll systems are updated to reflect this change accurately from the specified effective date.
Compliance Requirements:
- It is crucial for employers to comply with this new deduction limit to avoid any penalties or non-compliance issues with ESIC regulations.
- Employees should review their payslips to confirm that the correct ESIC deduction is being made based on the revised limit.
Communication and Awareness:
- Employers should communicate this change to all employees to ensure transparency and understanding.
- HR departments may need to conduct awareness sessions or provide written communication to address any queries or concerns from employees.
Documentation and Record-Keeping:
- Employers should maintain proper records of the communication sent to employees regarding this change.
- It is advisable to keep a copy of the ESIC notification for future reference and audits.
Seeking Clarifications:
- If there are any doubts or clarifications needed regarding the implementation of this change, employers or employees can reach out to ESIC authorities for guidance.
Ensuring compliance with ESIC regulations is essential for both employers and employees to benefit from the social security coverage provided by the scheme. Stay informed and proactive in adapting to such updates to maintain a smooth HR and payroll process.
From India, Gurugram
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ESIC Notification for Increase Limit 21000.pdf