Greetings,
One of our employee resigned in june month itself, but we received the information in Aug-06. We prepared the salary for the month july and paid the esi contribution also. So, in my question is we have paid excess amount [i.e. july-06 contribution] in his esi account and how to adjust the same in next month contribution.
I am waiting your reply.
MKS
From India, Madras
2One of our employee resigned in june month itself, but we received the information in Aug-06. We prepared the salary for the month july and paid the esi contribution also. So, in my question is we have paid excess amount [i.e. july-06 contribution] in his esi account and how to adjust the same in next month contribution.
I am waiting your reply.
MKS
From India, Madras
Once you deducted and paid (both the shares) thru challan, the excess amount will not be deducted from next month’s salary.
From India, Gurgaon
From India, Gurgaon
For adjusting excess /short payment:
If the mistake is done before the contribution period ends the amount can be adjusted.
ie in case the contribution period is 1st of April - 30th of Sep
1st of Oct - 31st of Mar.
In your case, the mistake is done before the contribution period has expired, excess payment can be adjusted before September contribution is paid
From India, Madras
If the mistake is done before the contribution period ends the amount can be adjusted.
ie in case the contribution period is 1st of April - 30th of Sep
1st of Oct - 31st of Mar.
In your case, the mistake is done before the contribution period has expired, excess payment can be adjusted before September contribution is paid
From India, Madras
You have said that an employee has resigned in the month of Jun'06 and you have wrongly paid the contribution for the month of jul'06.
In this case, adjustment can be made in the suceeding month before the half yearly returns are to be submitted (ie) the months fall inbetween the contribution period 1/4/06 - 30/9/06, wherein the returns are to be submitted only after the payment of september'06 is made. So, you have the option of reversing this payment in the month of august'06 or september'06.
The difference needed to be highlighted in the contribution register that is maintained every month.
Regards
Anand
From India, Madras
In this case, adjustment can be made in the suceeding month before the half yearly returns are to be submitted (ie) the months fall inbetween the contribution period 1/4/06 - 30/9/06, wherein the returns are to be submitted only after the payment of september'06 is made. So, you have the option of reversing this payment in the month of august'06 or september'06.
The difference needed to be highlighted in the contribution register that is maintained every month.
Regards
Anand
From India, Madras
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Draft Notification dt 6-10-2016 reg enhancement of wage ceiling under ESI Act.pdf