ESI Contribution On Salary Increment

lalitpapnoi
Dear All,
Please clear the following:
A person who was getting salary of Rs.14000/- gross and with effect from July 2010 his salary revised and revised salary was 17000/-gross. Now, on what salary ESI contricution will be made. Maximum Limit is Rs.15000/- as per ESIC rule we have to contribute both share till end of ESIC return period means upto September 2010. How calculation will be happened? (13000*1.75/100 or 15000*1.75/100 or 17000*1.75/100)
Regards,
Lalit
kumaresank
Contirbutions have to be made on "ENTIRE" amount ie., on the revised salary of Rs.17,000/-
shreekanth.pr
Dear Lalit,
The latest ceiling limit of ESI is Rs.15000 of gross salary. There is no need to pay ESI to the Gross salary of Rs.17000. It is paid on only Rs.15000 till the contribution period ends i.e., till Sep 30th and further to this date the employee is exempted from paying the ESI.
Regards,
Shreekanth.P.R
palvinder.bajwa
Dear Lalit
The deduction of ESI in employee & employer share is made on 17000/- of his Gross Salary till September'2010.
Regards
Palvinder Singh
Executive - Legal & HR
Aparajitha Corporate Services Ltd.
Haldwani Area
sharma sunil
Hi lalit, Esi contribution will be made on Rs. 17000/- till sep'10, for both employee and employer, after contribution period no need to submit the contribution. Thanks & Regards Sunil Sharma
suyoglabourconsultants
Dear Lalit,
All my friends are telling true and correct except one. deduction will be on 17000/- off course if it doesn't include washing allowance in component factor, and it will be upto the end of contribution period.
Regards,
KIRAN KALE
shom25
Hi All,
Adding to Lalit's case, if salary is revised post september, let say on Jan, then what will be the consiqueces? Will the contribution continue till next sept or financial year end have some implications on it? Plz clarify.
Thank u in advance for help.
Regards,
Shom
venkatesh.n
Dear Shom,
For ESIC contribution, a fiscal year is considered into half contribution period periods:
i.e., Eg: Contribution Period one:1st Apr of a 2010 to 30th Sept-2010
Contribution Period two:1st Oct of 2010 to 31st Mar-2011.
With respect to month of salary revision to that of contribution period will results our contribution to ESIC. Hope it cleared your doubt.
lbalamurugan
dear lalit
As per ESIC act , up to Contribution period to pay the ESIC contribution gross salary i.e ( contribution Period April to September & October to March ) in between period exceed of ESIC limit to pay the contribution period.
With regards
Balamurugan.L
M.Bhaskararao
Mr. Lalit's
It should be on 17000/- up to sep'10.
Mr. Shom25
The contribution periods - ESI
1st Contribution period ------ Apr -To -Sep
2nd Contribution period -------Oct- to- Mar
in your case it up to March
Bhaskara Rao
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