HI I WANT TO KNOW HOW HUCH MAXIMUM AMOUNT SHALL WE DEDUCT FROM ESI ACT ? THANKS DILIP
From India, Pune
3From India, Pune
Hi Dilip,
The ceiling amount to be covered under ESI Act is 10000/- rupees gross per month.. And 1.75% of gross per month is been deducted from Employee side whereas 4.75% of the same is been deducted from the employer side..
So the maximum deduction of ESI Act from an employee can be
1.75% of 10000/- = Rupees 175/- only.. Whereas, from the employer side it would be 4.75% of 10000/- = Rupees 475/- only..
Hope now your query will be cleared..
Regards,
Amit Seth.
From India, Ahmadabad
The ceiling amount to be covered under ESI Act is 10000/- rupees gross per month.. And 1.75% of gross per month is been deducted from Employee side whereas 4.75% of the same is been deducted from the employer side..
So the maximum deduction of ESI Act from an employee can be
1.75% of 10000/- = Rupees 175/- only.. Whereas, from the employer side it would be 4.75% of 10000/- = Rupees 475/- only..
Hope now your query will be cleared..
Regards,
Amit Seth.
From India, Ahmadabad
Dear Friends,
You can visit www.esic.nic.in and www.epfoindia.com for more details about ESI and PF.
Regards
Amith R.
From India, Bangalore
You can visit www.esic.nic.in and www.epfoindia.com for more details about ESI and PF.
Regards
Amith R.
From India, Bangalore
[QUOTE=Amitmhrm;152352]Hi Dilip,
The ceiling amount to be covered under ESI Act is 15000/- rupees gross per month.. And 1.75% of gross per month is been deducted from Employee side whereas 4.75% of the same is been deducted from the employer side..
So the maximum deduction of ESI Act from an employee can be
1.75% of 15000/- = Rupees 263/- only.. Whereas, from the employer side it would be 4.75% of 15000/- = Rupees 713/- only..
Hope now your query will be cleared..
Regards,
MANAS JHA(9007640313)
From India, Calcutta
The ceiling amount to be covered under ESI Act is 15000/- rupees gross per month.. And 1.75% of gross per month is been deducted from Employee side whereas 4.75% of the same is been deducted from the employer side..
So the maximum deduction of ESI Act from an employee can be
1.75% of 15000/- = Rupees 263/- only.. Whereas, from the employer side it would be 4.75% of 15000/- = Rupees 713/- only..
Hope now your query will be cleared..
Regards,
MANAS JHA(9007640313)
From India, Calcutta
hi dilip
you can deduct the esic amount till the 15000. /- gross salary as per mentioned wages below.
empe contribusion: 1.75%
empr contribusion: 4.75%
e.g. gross salary is 10000.00/-
emple cantirubusion:- 175.00/-
empr contribusion:- 475.00/-
From India, New Delhi
you can deduct the esic amount till the 15000. /- gross salary as per mentioned wages below.
empe contribusion: 1.75%
empr contribusion: 4.75%
e.g. gross salary is 10000.00/-
emple cantirubusion:- 175.00/-
empr contribusion:- 475.00/-
From India, New Delhi
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.
EPS - Wage Limit increase_01.09. 2014.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx