ESI
This query is : Open
praveen agarwal
(Querist)
15 July 2009
IN A COMPANY TOTAL EMPLOYEES ARE 25. 15 EMPLOYEES ARE GETTING BASIC WAGES MORE THAN 15000/-.
COMPANY WILL BE COVERED UNDER ESI?
COMPANY WILL BE COVERED UNDER ESI?
15 July 2009
Dear Friends....
a private limited company is reimburshing the transport expenses of employess (from residence to office )
is it taxable in the hands employess
as Transport allowance is 800 P.M from I.T
and they are reimburshing more than 3000 Rs. P.M (except Transport Allowance)
a private limited company is reimburshing the transport expenses of employess (from residence to office )
is it taxable in the hands employess
as Transport allowance is 800 P.M from I.T
and they are reimburshing more than 3000 Rs. P.M (except Transport Allowance)
CA Bosu babu
(Expert)
16 July 2009
for Praveen agarwal
Esi Is Only Applicable For Those Who Are Below 10000 And Upto 10000 And Not Above.
apply to cos where > 20 employees ...but it doent say 20 ees should be less than 10000.....so ESI applicable to cos were >20 ees are workin
Esi Is Only Applicable For Those Who Are Below 10000 And Upto 10000 And Not Above.
apply to cos where > 20 employees ...but it doent say 20 ees should be less than 10000.....so ESI applicable to cos were >20 ees are workin
Ankur Garg
(Expert)
16 July 2009
Hi,
NO. Your Company will not be covered under ESI.
Apply to co. where min 10/20 employees are employed and all are getting basic wages less then 10000.
Applicability
The ESIC Act applies to non-seasonal, power using factories or manufacturing units employing ten or more persons and non-power using establishments employing twenty or more persons. Under the enabling provisions of the act, a factory or establishment, located in a geographical area, notified for implementation of the scheme, falls in the purview of the act. Employees of the aforesaid categories of factories or establishments, but drawing wages only up to Rs 10,000 a month are entitled to health insurance cover under the ESI act.
The wage ceiling for purpose of coverage is revised from time to time; to keep pace with rising cost of living and subsequent wage hikes.
NO. Your Company will not be covered under ESI.
Apply to co. where min 10/20 employees are employed and all are getting basic wages less then 10000.
Applicability
The ESIC Act applies to non-seasonal, power using factories or manufacturing units employing ten or more persons and non-power using establishments employing twenty or more persons. Under the enabling provisions of the act, a factory or establishment, located in a geographical area, notified for implementation of the scheme, falls in the purview of the act. Employees of the aforesaid categories of factories or establishments, but drawing wages only up to Rs 10,000 a month are entitled to health insurance cover under the ESI act.
The wage ceiling for purpose of coverage is revised from time to time; to keep pace with rising cost of living and subsequent wage hikes.
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