WebJan 27, 2024 · ESIC Scheme is administered by a statutory corporate body called the Employees' State Insurance Corporation. It protects employees against sickness, maternity, disablement, and death as a result of a work-related injury, as well as provides medical care to insured employees and their families. According to official data released in January … WebJul 6, 2024 · The ESIC act, 1948, has fixed the percentage contribution of the employer at 3.25% of the wages and that of the employee at 0.75% of the wages. ESI calculation …

PF / ESIC rate of deduction for both Employee

WebDec 14, 2024 · The current Employer’s ESI contribution rate is 3.25% of the wages payable to the employee. While the employee’s ESI contribution percentage is at 0.75% of the wage. Furthermore, in case the daily average wage of an employee is up to INR 137, they are exempt from the contribution payment. WebESI return is done on a half-yearly basis and the due dates are fixed as 11th of November and May. ESI interest An employer who does not pay the contribution within the time limit shall be liable to pay simple interest at … list of hebridean islands

India: Evaluating The Code On Social Security, 2024 - Mondaq

WebApr 10, 2024 · EPF balance at the end of 1st month = Rs. 10,750 EPF contribution for 2nd month = Rs. 10,750 Total EPF balance at the end of 2nd month = Rs. 21,500 Assuming … WebMar 16, 2024 · Both Employer and Employee Contribute towards PF Employee Contribution to PF 12% of (Basic Salary+ DA) Note:- In case of Private Companies,there is no DA (Dearness Allowance) ,hence it is … WebThe ESI contribution is made by both the employer and employee. The contribution rates are – Employer’s contribution – 3.75% on gross income Employee’s contribution – 0.75% … list of hec recognized journals 2021 pdf