No Tags Found!

Dear Ranjeet,
According ESIC sec 2(22) refers to defination of wages which means any cash paid towards salary shall be deducted for ESIC. It may be LTA / Medical or other wich included his gross salary.
Remember as thumb impression that employee drawing gross salary of Rs.15000/- shall be covered under ESIC and above shall be excluded.
Regards,
Rammi24

From India, Telangana
Sir
If any payment paid on monthly basis on any head it will attract ESI coverage, if the gross is less than 15000/-. But the same was paid or reimbursed once in three months then it will not covered under ESI.
Regards
dhanuskodi

From India, Coimbatore
Dear Ranjeet,
No need to say thanks, this is a professional website this community mainly made to help all HR & Non HR professionals, A platform where any one can Learn New things share their views. To Learn & Grow. if you have any query always welcome to discussion so that we can also learn.
Regards
Ratikanta Rath.

From India, Durgapur
As per ESIC Act any by monthly payments made to the employee can be consider as Wage / Salary.
LTA we can pay LTA on monthly basis and for tax benefit we can Fix one Month basic or any xyz value as per IT Act.
That will help u to resolved u r problem
Girish G

From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.