ESIC Rules.. CiteOps
CiteOpsCiteOps
 
HOME RISE NEW TEAM →|

Kondlekar Started The Discussion:

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

malikjs1958 -  Member Since: Nov 2009
dear gitali this amount of ESI will included in ctc.ESI rules does not have any concern with ctc. regards js malik

Hema selvi -  Member Since: Oct 2009
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.




 
 
 
 





Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
Share This Discussion:


3M Users, 100K+ Documents & 450K+ Discussions

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network