We will be able to answer this only if we get to know the break-up of your CTC / Gross Salary. My question is that incase in a year i not used esi benefit but esi amount is debit in my accont.so this amout will be secqure and in future i can withdraw al this amont, For all ESI payments, the benefits are available until the “Benefit Period.”, My Ctc 15750 so esic deduct in my salary but this salary revised in june 16 so how much months deduct my esic. but the 1 week policy has always been followed. Sir, Now I am working in a private college at Chennai. Now My query is should I again pay an amount to ESI, in the other hand my Mrs. deduct amount for DGHS. The credit will be paid to the person whose return is assessed first. 18000 before esic new rule and from janurary its going to be deducted and was getting rs. There is no way to opt out until your monthly salary exceeds Rs 21,000. last September onwards I am included in ESI scheme. The first thing is one needs to check is ESI eligibility. who many employes i want to get the esi faccilites. ESI SCHEME . 2. Its applicable for establishments as defined in the Act with 10 or more persons employed. Am getting a monthly salary of 21750. But this revision incorporated in June 2014 Salary but effective date is from 1st April 2014. The ESI contribution should be on the total wages including overtime. Contribution period Corresponding Cash Benefit period Contribution Period Cash Benefit Period You could consider evaluating insurance plans offered by insurance companies. Resident senior citizens with age above 60 years … Should be calculated on gross pay after reducing the loss of pay amount. The deduction shall stop from the start of the next half-year (Oct 2015 in your case). Unable to understand your question. Though my increment is effective from April. The transferring spouse or common-law partner and the receiving spouse or common-law partner can elect to split the transferring spouse or common-law partner's eligible pension income received in the year if all of the following conditions are met:. if yes then plz clarify me upto when????? However, at times it is difficult to specify whether a pay head should be considered for ESI calculation unless we understand the nature of the head of pay. You can’t opt out of ESI in the middle of a 6 month period. Please clarify. Can any body reply to this question that freelancer is he applicable for ESI and PF. The employee will come under the ESI net. I also did not get any esi benefit from 2010 to 2012 (More than 2 years). ESI, PF Act is applicable to whom and what is its benefit. ESI has nothing to do with MA. If the ESI wage is more than Rs 15,000 per month for all employees, there is no need to contribute ESI for any of the employees. The ESI rate reduction is currently (Aug 16) at the proposal stage and hence has not been given effect. 204 of 2020 and 2523 of 2017 decided on July 31, 2020], … Yes, DA should be included for the purpose of ESI wage calculation. Will there be any deduction? Refers to payments which are paid once in a period greater than 2 months. also i want to know that if you join another company and the CTC is 16000/-p.m compared to 14000 ctc of the prior then will the new company maintain deductions or not?incase not then uptil when can i use the ESIC card for medical benefits ?will the already deducted esic usable during need inspite of leaving the company. Previously I have seen that some employer deduct income tax at the end of the Financial year and some employer deduct tax at per month basis. Of course, I assume that your organization is large enough and registered with the ESI department. We are unable to understand your question. It is calculated on ESI wages which should be calculated on the basis of ESI eligibility pertaining to the different heads of pay. But my next question is, what if company doesn’t pay me. How old are you (and spouse if applicable, plus how long you’ve been married)? Hence, no contribution is payable on annual Bonus. It is not optional. end of the corresponding benefit period. If the offer letter was issued to your before Jan 2017, your employer wouldn’t have specified anything about ESI since the wage enhancement came into force only in Jan 2017. From E SIC. I don’t have much knowledge of the ESI limit and i’m getting confused, i want a clarification on this my take home salary is 16.663. will the ESI amendment apply for my salary and whether my salary will get reduced or will it get increased ? Regards. Employers will have to deduct 6.5% of workers’ earning up to Rs 25,000 in gross salary towards ESIC, up from the earlier ceiling of Rs 15,000 that was set in 2010. Typically, variable heads of pay are not considered for ESI eligibility calculation but are included for ESI deduction calculation. Can a Factory/Establishment Once Covered Under the ESI Scheme Choose Not be Covered If the Number of its Employees Reduce Below the Prescribed Limit? Also, the tax applicable to different income slabs may vary from one state to another, but it has a maximum limit of Rs 2,500 per year. ESI will be cancelled automatic from Oct2015 or any process required for ESI cancelation by Employee or Employer. Hello sir, my gross saliey was 18000 p.m and I see there is some change in my income and my company is duducting addtional 4.75% and 1.75 on basic salary as esi. You can simply stop contribution from the next contribution period onwards. Dear Sir, Dealing with statutory compliance requires companies to be updated on all the labor regulations in their country. 3 . Please check with the ESI official in this regard. What is the surcharge and educational cess applicable for Super Senior Citizens to pay Income Tax for this year? For example, if an employee receives Rs 17,000 including overtime, ESI should be calculated on Rs 17,000 and not on Rs 15,000. sir, As I had been drawing 14489rs gross salary, i was coming under ESIC net. But esi. 5,00,000 then they will be able to avail tax rebate of Rs. Please check with your organization in this regard. Reply. If ESI cancelled, mediassist continue from next month or it will take some month? In simple words, can we limit the contributions upto 15,000/-. Exgratia payment if payment is … No, you are not eligible since the total wage amount is more than Rs 15,000 per month. Increments for our staff have been effected from April but paid only in June as arrears. ESI will not be cancelled automatically. Can any body reply to this question that freelancer is he applicable for ESI and PF. In pay slip basic salary shows 7200.00. Should we deduct and pay employee / employer contribution with respect to an insured person if the member leaves in the middle of the contribution period. 21,000 from which date.Either with effect from Oct’2016 or Jan’ 2017. Would our Gross Salary be increased to compensate since we were not under the old ESI scheme. Please help me. I am also facing same problem. Am i eligible for ESI. I heard that, a employee contribute more than 5 years to esi, they will pay a minimum rupees per year to esi, if he/she will not working. What is the existing ceiling wage limit for coverage under ESI Act ( at present) ? Employer PF is not to be included for the purpose of determining ESI wage. If your ESI wage is above RS 15,000 per month, you are not eligible for ESI coverage. While ESI for April month only has been deducted, will those staff (who had come out of eligibility slab after increments) be eligible for ESI benefits even if there is no contribution towards ESI for remaining months in the half period?! As stated by me earlier, for the employee of 65 years of age, the establishment's contribution towards Pension Fund may be diverted to his Provident Fund. The Hqrs. Assessment Year 2021-22. Law applicable up to the assessment year 2014-15: Law applicable from the assessment year 2015-16 : 1. Tax applicable for individuals over 60 years and under 80 years. Dear Reenuohlan, If age of the candidates is over and above 60 years which is considered as maximum age of employment then you cannot hire them on your role. tell me plz . my salary is above 15000/- i m not getting ESI benefit.. but some other people working in other companies are getting esi benefit with higher salaries. Hi goutham, (Basic will be more then 15000). 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