ESI COVERAGE
This query is : Resolved
26 May 2008
IN MY COMPANY THERE ARE 24 EMPLOYESS, OUT OF WHICH 10 ARE DRAWING SALARY LESS THAN 10000.PLEASE ADVISE
1) WHETHER ESI IS APPLICABLE IN OUR COMPNAY WHICH IS A LOGISTIC COMPANY AND ALSO ENGAGED IN TRANSPORTATION
2)WE PAY BASIC, HRA, CONVEYANCE, SPL ALLOWANCE AND FIXED ANNUAL MEDICAL. PLEASE ADVISE WHETHER ALL THESE ARE TO BE INCLUDED FOR THE PURPOSE OF CALCULATING SALARY FOR ESI COVERAGE
1) WHETHER ESI IS APPLICABLE IN OUR COMPNAY WHICH IS A LOGISTIC COMPANY AND ALSO ENGAGED IN TRANSPORTATION
2)WE PAY BASIC, HRA, CONVEYANCE, SPL ALLOWANCE AND FIXED ANNUAL MEDICAL. PLEASE ADVISE WHETHER ALL THESE ARE TO BE INCLUDED FOR THE PURPOSE OF CALCULATING SALARY FOR ESI COVERAGE
26 May 2008
As regards ESI coverage , there is no exclusion for nomenclature. All allowances are includible for ESI purpose.
The nature of company's is not relevant.
Drawing more than Rs.10000/- are exempt from deduction of ESI.
S.Ravichandran
The nature of company's is not relevant.
Drawing more than Rs.10000/- are exempt from deduction of ESI.
S.Ravichandran
27 May 2008
COVERAGE UNDER THE ESI ACT, 1948
The Act was originally applicable to non-seasonal factories using power and employing 20 or more persons; but it is now applicable to non-seasonal power using factories employing 10 or more persons and non-power using factories employing 20 or more persons.
Under Section 1(5) of the Act, the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatre, road motor transport undertakings and newspaper establishment employing 20 or more persons.
The existing wage-limit for coverage under the Act, is Rs.10,000/- per month (with effect from 1.10.2006).
i hope it will be helpfull to you.
The Act was originally applicable to non-seasonal factories using power and employing 20 or more persons; but it is now applicable to non-seasonal power using factories employing 10 or more persons and non-power using factories employing 20 or more persons.
Under Section 1(5) of the Act, the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatre, road motor transport undertakings and newspaper establishment employing 20 or more persons.
The existing wage-limit for coverage under the Act, is Rs.10,000/- per month (with effect from 1.10.2006).
i hope it will be helpfull to you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
