Subodh ( ) (402 Points)
15 September 2008
Dear All,
My company who is in IT business not provides EST to employees. I want to know is there any compulsion for ESI as per law? We are providing group mediclaim to employees then ESI is mandatory? What is the limit of ESI? I think it was previously gross salary Rs 6500 and 20 employees now it is Rs10000.
Can anybody provide me proper information on that because I don’t have enough knowledge on ESI??
abid
(accountant)
(169 Points)
Replied 15 September 2008
hi Subhodh ,
if the co. is running a manufacturing unit with power with minium no. of employees that is 10 then esi is applicable otherwise not.
your co. is providing group mediclaim that is not sufficient for applicablity of esi. the limit is now 10000/- this is basic not gross salary
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 15 September 2008
Ya Abid is right
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 23 September 2008
Yes, Mr. Dharmapal is right.
ABHISHEK JAIN
(SERVICE)
(35 Points)
Replied 19 January 2009
Dear Friends,
Does any locational crietaria is there for applicability of ESI Act. What I mean to say if a Company having its registered office in a village ( Manufacturing Unit and most of the employees are also there) but some of the employees work in Mumbai? does it make any difference as far as the law is concerned. The company is a manufacturing unit in stainless steel sector having over thousand of employees?
Does for applicability of ESI ACT any notified sector or unit should be there by Govt.
sreenu
(accountant)
(72 Points)
Replied 28 January 2009
Can any body send the ESI CHALLAN in excel format? please mail me to ysreenu @ rediffmail.com.
CAclubindia
