Saturday, June 20, 2009

ESI News, Increase in Average Daily Wage Limit from Rs. 50/- to Rs. 70/-

The average daily wage limit for exempting the employees from payment of employees share of contribution has been increased from Rs. 50/- to Rs. 70/- per day, with effect from 1/8/07.
Accordingly all employees whose wages excluding remuneration for over-time work, is less than Rs. 70/- per day are not required to pay employees' share of contribution.
This will not affect the employer's share of contribution

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