ESIC is to be deducted only from wages or from salaries also?
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Esic
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ESIC to be deducted from both
As per ESIC Law, ESI required to be deducted is gross Salary or Wages doesn't Exceeds Rs. 15000/- PM
Yes limit for esi is Rs.15000/- employer has to deduct 1.75% of basis salary from employee and is 4.75% from his Owen pocket .... if employees salary is upto Rs.1500/- per month then only employers part to be deposited. I.e. no need to deduct 1.75% from employee s salary.
its really usefull.....thanks
1.75 % from gross salary but salary does not rs 15000 PM
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