ESIC Rules.. CiteOps
CiteOps
 
HOME RISE NEW ABOUT LOGIN
Home > Operations Management > Principles of Operations Management

ESIC Rules

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 Page 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.






Explore Topical Knowledge Areas

Interesting Relevant Discussions


DISCUSSSION STATISTICS


1258
VIEWS

2
REPLIES

PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE


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

Share »

Community Support & Professional Insights. Login or Register.
Email/Username     Password  

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