Difference between revisions of "ESIC"

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(Created page with "== '''ESIC''' == 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 provide...")
 
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== '''ESIC''' ==
 
== '''ESIC''' ==
 
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. 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto ₹137/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
 
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. 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto ₹137/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.
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== '''Role''' ==
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Finance Admin
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== '''Path''' ==
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Salary » Provident Fund » Employee State Insurance Report

Revision as of 06:50, 25 March 2020

ESIC

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. 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto ₹137/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees.

Role

Finance Admin

Path

Salary » Provident Fund » Employee State Insurance Report

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