SRIKANTH DASARI (BUSINESS) (26 Points)
18 March 2017as per rule if 10 or more workers working in nonseasonal business
and salary is below 21000/- esic bcomes applicable
this fund is a contributory fund in which both
the employer and employee contribute 4.75% and
1.75% respectively to make it a total of 6.5%.Jul 31, 2014
For ESI calculation, the salary comprises of all the monthly payable
amounts such as basic pay, dearness allowance, city compensatory
allowance, HRA, incentive allowance, attendance bonus, meal allowance
and incentive bonus. The salary, however, does not include annual bonus,
retrenchment compensation, encashment of leave and gratuity.
if 20 or more persons comes in salary regester in month pf becomes
compolsary
https://empxtrack.com/blog/esi-pf-statutory-compliance/
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