LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

ESIC applicability

Manish Sodani (Executive (F & A) - ALSTOM India Ltd.) (222 Points)

16 September 2009

Hi,

What is the applicability criteria for ESIC on a trading / manufacturing concern?

What are the requirements under this act?

Reply
Follow
Share

3 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 12 May 2011

10 persons working with power or 20 persons working without power

employer has to deduct the contribution of 1.75% from employee's wages per month and deposit the same with employers share 4.75% ( Total 6.5%) within 21st of next month,

file half yearly return with ESIC, regarding summery of wages, deduction and payment.

Makwana Mayur Lalit (Article) (23 Points)
Replied 16 May 2011

I want to know the penalty for non compliance for PF and ESIC

there is a company where no. of employee exceed 20 and company not deducting PF and ESIC from salary

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 16 May 2011

interest and dammurage is payable alongwith all arrears in past years.

act fast to register your self and convince the person in front to cover from current period, ignoring the previous defaults which were made in ignorance.