ESI COVERAGE
This query is : Resolved
26 May 2008
IN MY COMPANY THERE ARE 24 EMPLOYESS, OUT OF WHICH 10 ARE DRAWING SALARY LESS THAN 10000.PLEASE ADVISE
1) WHETHER ESI IS APPLICABLE IN OUR COMPNAY WHICH IS A LOGISTIC COMPANY AND ALSO ENGAGED IN TRANSPORTATION
2)WE PAY BASIC, HRA, CONVEYANCE, SPL ALLOWANCE AND FIXED ANNUAL MEDICAL. PLEASE ADVISE WHETHER ALL THESE ARE TO BE INCLUDED FOR THE PURPOSE OF CALCULATING SALARY FOR ESI COVERAGE
1) WHETHER ESI IS APPLICABLE IN OUR COMPNAY WHICH IS A LOGISTIC COMPANY AND ALSO ENGAGED IN TRANSPORTATION
2)WE PAY BASIC, HRA, CONVEYANCE, SPL ALLOWANCE AND FIXED ANNUAL MEDICAL. PLEASE ADVISE WHETHER ALL THESE ARE TO BE INCLUDED FOR THE PURPOSE OF CALCULATING SALARY FOR ESI COVERAGE
26 May 2008
As regards ESI coverage , there is no exclusion for nomenclature. All allowances are includible for ESI purpose.
The nature of company's is not relevant.
Drawing more than Rs.10000/- are exempt from deduction of ESI.
S.Ravichandran
The nature of company's is not relevant.
Drawing more than Rs.10000/- are exempt from deduction of ESI.
S.Ravichandran
27 May 2008
COVERAGE UNDER THE ESI ACT, 1948
The Act was originally applicable to non-seasonal factories using power and employing 20 or more persons; but it is now applicable to non-seasonal power using factories employing 10 or more persons and non-power using factories employing 20 or more persons.
Under Section 1(5) of the Act, the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatre, road motor transport undertakings and newspaper establishment employing 20 or more persons.
The existing wage-limit for coverage under the Act, is Rs.10,000/- per month (with effect from 1.10.2006).
i hope it will be helpfull to you.
The Act was originally applicable to non-seasonal factories using power and employing 20 or more persons; but it is now applicable to non-seasonal power using factories employing 10 or more persons and non-power using factories employing 20 or more persons.
Under Section 1(5) of the Act, the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatre, road motor transport undertakings and newspaper establishment employing 20 or more persons.
The existing wage-limit for coverage under the Act, is Rs.10,000/- per month (with effect from 1.10.2006).
i hope it will be helpfull to you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Is this income indian or foreign income?
- Applicable TDS rate for sale of property in Nov 2024
- BLOCKED-INELIGIBLE GST CREDIT
- REPATRIATION OF AGRICULTURE INCOME IN INDIA OF NRI/PIO RECEIVED IN NRO ACCOUNT
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
