Knowledgebase
 Testimonials

Home > Operations Management > Principles of Operations Management

ESIC Rules





 
ESIC Rules
Hi...

Please somebody else tell me about ESIC rules ,The ESIC contriuton of employees & also employer are included in CTC or not...it means this amt. deducted or not in employees salary.

Gitali
Re: ESIC Rules
dear gitali
this amount of ESI will included in ctc.ESI rules does not have any concern with ctc.
regards
js malik


Quote:
Originally Posted by Kondlekar View Post
Hi...

Please somebody else tell me about ESIC rules ,The ESIC contriuton of employees & also employer are included in CTC or not...it means this amt. deducted or not in employees salary.

Gitali
Re: ESIC Rules
CONTRIBUTION

The ESI Scheme is mainly financed by contributions raised from employees covered under the scheme and their employers, as a fixed percentage of wages. As of now, the rates of contribution are:- ( i )
Employees’ Contribution :1.75 percent of wages
(ii)Employers’ Contribution:4.75 percent of wages
1. Employees’ earning upto Rs.50/- a day as wages are exempted from payment of their part of contribution.
2. The State Govts bear one-eighth share of expenditure on Medical Benefit within the per capita ceiling of Rs.900/- per annum and any additional expenditure beyond the ceiling.

   Post New Question  Share Files & Formats  Post New Discussion  Add Comment
Thread Tags
esic, rules

All trademarks and copyrights held by respective owners. Member comments & attachments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service