Hello,
Can any one tell me when the salary of any employee is 14000/-pm then ESI is deducted or not?
What is the maximum limit of ESI?
Is it alos defers from company to company means (different in IT than others)
Also tell me the amount of PF deduction?
From India, Gurgaon
2Can any one tell me when the salary of any employee is 14000/-pm then ESI is deducted or not?
What is the maximum limit of ESI?
Is it alos defers from company to company means (different in IT than others)
Also tell me the amount of PF deduction?
From India, Gurgaon
Regarding ESI, Mr. Madan Mohan Verma explained the contribution details and ceiling limit. Hence I shall furnish the PF details.
The salary ceiling (generally basic+DA) for PF is Rs. 6,500. But if the employer & employee wish, contribution can be made on actual salary in excess of ceiling limit.
From both the employee and employer 12% will be deducted towards PF. Out of the employer contribution 8.33% up to a ceiling of Rs. 541 p.m will go to Pension Fund and the rest of the amount will be credited to individual PF account along with employee contribution. Other than the above contributions, employer has to contribute 0.5% to EDLI in addition to admin charges to PF & EDLI (1.1% & 0.01 respectively).
Abbas.P.S
From India, Bangalore
The salary ceiling (generally basic+DA) for PF is Rs. 6,500. But if the employer & employee wish, contribution can be made on actual salary in excess of ceiling limit.
From both the employee and employer 12% will be deducted towards PF. Out of the employer contribution 8.33% up to a ceiling of Rs. 541 p.m will go to Pension Fund and the rest of the amount will be credited to individual PF account along with employee contribution. Other than the above contributions, employer has to contribute 0.5% to EDLI in addition to admin charges to PF & EDLI (1.1% & 0.01 respectively).
Abbas.P.S
From India, Bangalore
Dear friend,
The wage ceiling for ESI coverage is Rs15000/= permonth wef 1-5-2010.
Wage include DA, HRA, Conveyance allowance other than Travelling Allowance, and al allowances paid on monthly basis.You can go through the section 2(22) of the ESI Act 1948.
Wages does not include overtime allowance for coverage purpose but esi contribution is payable on overtime.
V Ramachandrarao
From India, Gandhinagar
The wage ceiling for ESI coverage is Rs15000/= permonth wef 1-5-2010.
Wage include DA, HRA, Conveyance allowance other than Travelling Allowance, and al allowances paid on monthly basis.You can go through the section 2(22) of the ESI Act 1948.
Wages does not include overtime allowance for coverage purpose but esi contribution is payable on overtime.
V Ramachandrarao
From India, Gandhinagar
Dear vramachandrarao Please refer recent Chennai high court judgement on the exclusion of conveyance from ESI coverage. Shiva
From India, Madras
From India, Madras
Dear all, Can you please tell me how a salary break up is done and on what basis percentage as well as HRA and Cov.llo
From India, New Delhi
From India, New Delhi
Dear sir, ESI maximum limit is 15000/- per month. If employee gross salary is 15001/- then he will not eligeble to ESIC.
From India, Hyderabad
From India, Hyderabad
Dear All
Please note that while calculating wages gross per month exclude Washing allowance as pe departmental cirular of ESI .For any further calrification you may visit ESIS site. Which will give you more insight.
Ravi
Please note that while calculating wages gross per month exclude Washing allowance as pe departmental cirular of ESI .For any further calrification you may visit ESIS site. Which will give you more insight.
Ravi
Dear All
The Gross Salary can be devided into
Basic : 35 - 50 % of Gross
HRA 40 % of Basic in Non Metro / 50 % of Basic in Metro
Medical Allow. : Rs.1250/- p.m. upto 15000 /- per annum
Special Allow : Bal. of Gross will be provide
Reg. : ESI Employers Share 4.75% on Gross Salary
Employees Share 1.75 % on Gross Salary
Maximum Salary Rs.15000 /- limit to be cover under ESI
If above 15001 /- p.m. will not cover ESI
Regs.: K.SURESH - Miyapur
From India, Hyderabad
The Gross Salary can be devided into
Basic : 35 - 50 % of Gross
HRA 40 % of Basic in Non Metro / 50 % of Basic in Metro
Medical Allow. : Rs.1250/- p.m. upto 15000 /- per annum
Special Allow : Bal. of Gross will be provide
Reg. : ESI Employers Share 4.75% on Gross Salary
Employees Share 1.75 % on Gross Salary
Maximum Salary Rs.15000 /- limit to be cover under ESI
If above 15001 /- p.m. will not cover ESI
Regs.: K.SURESH - Miyapur
From India, Hyderabad
As posted above by Mr.Abbas and Mr.Madan mohan, I would further clarify some points on ESIS. One gets covered under the ESIS, if the gross salary is less than or equal to Rs.15000/-. In case the salary rises above or equal to Rs.15001/- due to any salary revision,increment etc. he would not get exempted till he has reached the cut out point (contributory period) i.e. April / October
Which means he would still be in the Esis coverage till the month of April or October, whichever is earlier.
From India, Mumbai
Which means he would still be in the Esis coverage till the month of April or October, whichever is earlier.
From India, Mumbai
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NOTICE GO 4 ESI LIMIT 15000[1].pdf