The Government has decided to increase the salary limit for coverage of ESI from Rs 15000 to Rs 25000. The date of effect is not known. Please share if anybody has the relevant notification from the ESIC
Regards,
Madhu.T.K
From India, Kannur
4249Regards,
Madhu.T.K
From India, Kannur
The source of this information (regarding the esic limit to rs 25000) is the news published on the front page of a Malayalam newspaper "Mathrubhumi" and on Hindi Patrika dated 20th september 2013. I am attaching the source of this news. Please confirm the source of this news
Regards
Dinesh
From India, New Delhi
Regards
Dinesh
From India, New Delhi
Dear All. Kindly find attached press note This is not yet implemented, we should wait for Gazette, but it will happen in near future. Thanks Umesh Kadam 9223820620
From India, Mumbai
From India, Mumbai
Dear All, Please let me know that should we calcualate ESIC on earned gross or actual gross.? Also PF from Earned basic or actual basic?
From India, Vijayawada
From India, Vijayawada
Hi,
This is regards to your query fro ESIC calculations. ESIC always calculate on Gross Earning. There is fixed rate for the same i.e 1.75% Employee Share and 4.75% is the Employer Share of the gross earning.
PF is deducted on the basis of Actual earning.
Regards
Vikas Sharma
From India, Chandigarh
This is regards to your query fro ESIC calculations. ESIC always calculate on Gross Earning. There is fixed rate for the same i.e 1.75% Employee Share and 4.75% is the Employer Share of the gross earning.
PF is deducted on the basis of Actual earning.
Regards
Vikas Sharma
From India, Chandigarh
Dear Madhu Sir, The date of effect of the amendment will be given in the Gazette notification. Let’s wait for the notification.
From India, Madras
From India, Madras
Hi Madhu, It has been decided by the government of India to increase the ESI Qualififying limit salary to Rs.25,000 but till now they have not decided the date from which it will be effective.
From India, Bangalore
From India, Bangalore
Date 22/09/2013
Respected Sir.
We refer the News of ESIC amendment in slab which was raised to a maximum slab of Rs. 15000 instead of earlier Rs. 10000 from 01.05.2010.
In this context I would like to have a suggestion to you to increase the PF slab also as the current PF slab is Rs. 6500 since long. Now due to the global financial situation it is very necessary to amend this slab because at the time of retirement at the age of 58 employee working in a private sector will get very nominal amount. It will be very hard for a person to run his family with PF amount and pension amount what he will get as per the current slab
As you are aware inflation rates are in upward trend and rates of all the necessary items has increased steeply. How can an average middle class Indian can fulfill his basic requirements from above PF amount when he retires.
I think government should change the policy and take some more effective actions keeping in mind long time inflation rate. You can understand the critical position of a person retiring at the age of 58 especially private sector employees.
Government should think about middle class family. “Poor are becoming poor day by day”
Expecting some amendments in PF slab.
From India, Vadodara
Respected Sir.
We refer the News of ESIC amendment in slab which was raised to a maximum slab of Rs. 15000 instead of earlier Rs. 10000 from 01.05.2010.
In this context I would like to have a suggestion to you to increase the PF slab also as the current PF slab is Rs. 6500 since long. Now due to the global financial situation it is very necessary to amend this slab because at the time of retirement at the age of 58 employee working in a private sector will get very nominal amount. It will be very hard for a person to run his family with PF amount and pension amount what he will get as per the current slab
As you are aware inflation rates are in upward trend and rates of all the necessary items has increased steeply. How can an average middle class Indian can fulfill his basic requirements from above PF amount when he retires.
I think government should change the policy and take some more effective actions keeping in mind long time inflation rate. You can understand the critical position of a person retiring at the age of 58 especially private sector employees.
Government should think about middle class family. “Poor are becoming poor day by day”
Expecting some amendments in PF slab.
From India, Vadodara
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ESI Rule 52-Amended-Aver age Wage Limit Increased For Certain Cases Under Exemption From Payment .pdf