Dear Friends,
My Co. had more than 20 employees drawing wages under 15K in 2014- 2015 however, after few months all employees were relieved of duty and persons drawing wages less than 15K fell below the statutory minimum as required under ESIC.
is still the employer required to pay ESIC during the year 2014- 15 or in later years after workers fall before statutory minimum??
kindly revert....
Dear sir,
I am writing this answer assuming that the number of employees in your company fall below 20.
As per my knowledge, once the ESI Act is applicable to an establishment, it will be applied to that establishment even after the number of employees fall below the limit prescribed by ESI Act.
Thanks
CAclubindia
