13 January 2014
We have 20 employees , all of them deducting amount for PF , But 4 employees ESI Basic Salary Rs 2600/- , So the employer deduct the 1.75% of Rs 2600/- or not ? & have any minimum limit for ESI Calculation ?
ESI Laws are applicable on employees receiving a salary less than or equal to Rs. 15,000 in establishments which employ more than 10 persons.
For the purpose of getting ourselves registered with the ESI Department, we will need to get a form filled up from all employees covered under this scheme. To know more regarding ESI benefits you are requested to visit the link given below: http://www.esic.nic.in/other_scale_mb.php
LIABILITY TOWARDS ESI
As per law, the liability towards ESI is 6.50% of the total salary paid to an employee. The contribution payable to the government is shared as under:-