Loading Display Please Wait
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.
14th December 2009 From India , Bangalore
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.
14th December 2009 From India , Bangalore
Share what you know with your industry peers. Discuss problems, ideas, solutions openly without getting into company or personal specifics. Create Account
CTC calculation.xls
ESIC Gazette.pdfDisclaimer: This network and the advice provided in good faith by our members only facilitates as a direction. 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.
