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ESIC
for all details ESIC
ESIC
ESIC Contribution
E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employer’s contribution and employee’s contribution at a specified rate. The rates are revised from time to time. Currently, the employee’s contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.50/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Collection of Contribution
An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due. The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
Contribution Period and Benefit Period
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under.
Contribution period Corresponding Cash Benefit period
1st April to 30th Sept. 1st January of the following year to 30th June.
1st Oct. to 31st March 1st July to 31st December of the year following
for PF
EPFO
From United Arab Emirates , Dubai
ESIC
for all details ESIC
ESIC
ESIC Contribution
E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employer’s contribution and employee’s contribution at a specified rate. The rates are revised from time to time. Currently, the employee’s contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.50/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
Collection of Contribution
An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due. The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
Contribution Period and Benefit Period
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under.
Contribution period Corresponding Cash Benefit period
1st April to 30th Sept. 1st January of the following year to 30th June.
1st Oct. to 31st March 1st July to 31st December of the year following
for PF
EPFO
From United Arab Emirates , Dubai
dear all,
please someone help me i have just completed my mba in june 2008 and i have also done llb. presently i am working in a consultancy that offers me 4000 rs. i am a hard worker. i have applied in so many companies but nobody response me why . i couldn't understand it. please someone give me a chance to learn and work then i'll show my talent.
From India , New Delhi
please someone help me i have just completed my mba in june 2008 and i have also done llb. presently i am working in a consultancy that offers me 4000 rs. i am a hard worker. i have applied in so many companies but nobody response me why . i couldn't understand it. please someone give me a chance to learn and work then i'll show my talent.
From India , New Delhi
Hi, I would like to know the working calculations regard to PF. I have worked seven years in a company but PF what i got seems to be less. Can any body help? REgards, Yogita
From India , Delhi
From India , Delhi
hi versa as per p.f & esi rule rate for p.f is 12% for employee & 12.36% for employer, always keep it in mind that it all deducted below 6500 basic, for esi rate for employee is 175 % & for e,employer is 4.75 % but it may can be 15000 lower
if u want to more than can call me on 09899575768
From India , Delhi
if u want to more than can call me on 09899575768
From India , Delhi
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#Listed In: salary break up esi rules job in pune state bank of india City-India-Delhi Country-India
PF Challan.xls
Applicability of the Act 1948 esi.doc
