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
From India , Thana
From India , Thana
dear gitali this amount of ESI will included in ctc.ESI rules does not have any concern with ctc. regards js malik
From India , Delhi
From India , Delhi
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.
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.
From India , Bangalore
ESIC Gazette.pdf