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What is Factory Act?? Details and explain factory Act ,ESI
Act,PF Act,Minimum Wages Act,Bonus act,???????
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Answer Posted / tamal das
The Factory Acts were a series of Acts passed by the
Parliament of the India to limit the number of hours worked
by women and...
ESI ACT: it calculate if salary less than 15001,
calculation 1The monthly wage limit for coverage under the
ESI Act would be such as prescribed by the Central Govt. in
the ESI (Central) Rules 1950. The present wage ceiling for
coverage (excluding remuneration for over-time work) is Rs.
15,000/-per month taken into effect from 1.05.2010 (Rule 50
of ESI (Central) Rules 1950).
An employee who is coverable at the beginning of a
contribution period shall continue to remain covered till
the end of that contribution period notwithstanding the fact
that his wages may exceed the prescribed wage ceiling at any
time after the commencement of that contribution period.
Wage ceiling for purpose of coverage is revised from time to
time by the Central Govt. on the specific recommendation of
the Corporation
Its actually, 12% divided into = 8.33% & 3.67%
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