Esi exmption for executives

ashok thakker (Querist) 11 April 2013 This query is : Resolved
Sir,
Mine is a proprietorship co. I pay salary to my son of Rs 165000/- per year. Now as per advice we have to introduce ESI scheme in company, can highly paid employees be exempt from contribution in ESI ? What is ceiling limit of exemption for the matter ? Pl guide....

regards,

ashok thakker

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Raj Kumar Makkad (Expert) 11 April 2013
An employee getting more than Rs. 10,000/- per month is need not to be brought under the scheme.

CA Ayush Agrawal (Expert) 11 April 2013
Dear Author,

If Your Organisation Have Employees 20 or more at any point of time in any financial year, then ESI act is applicable to your organisation.

and apart, ESI is to be deductible for those employees only who have salary 15000 or less.
(Earlier ceiling limit was 10000/- amended in 149th meeting under the chairmanship of Union Minister of Labour and Employment Mallikarjun Kharge)

Regards,
CA Ayush Agrawal