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Frequently Asked Questions

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BENEFITS

11 What are the benefits admissible to an employee?

1. Full Medical care as and when needed.
2. Cash benefit to compensate his/her loss of wages during his abstention from work due to sickness including prolonged sickness, maternity and disablement.
3. Provision of Artificial limbs, spectacle, hearing aids, cervical collar, wheel chair etc. as a part of medical treatment as and when needed.
4. Un-employment allowance during the period of closer of the Factory/estt, retrenchment or permanent invalidity arising out of non-employment injury for a period of six months at 50% of his wages. Medical benefit is also admissible during this period for self and family.
5. Vocational rehabilitation training is provided to improve his skills to find out alternate employment.
12 What are the benefits admissible to an employee?

1. Full Medical care as and when needed.
2. Cash benefit to compensate his/her loss of wages during his abstention from work due to sickness including prolonged sickness, maternity and disablement.
3. Provision of Artificial limbs, spectacle, hearing aids, cervical collar, wheel chair etc. as a part of medical treatment as and when needed.
4. Un-employment allowance during the period of closer of the Factory/estt, retrenchment or permanent invalidity arising out of non-employment injury for a period of six months at 50% of his wages. Medical benefit is also admissible during this period for self and family.
5. Vocational rehabilitation training is provided to improve his skills to find out alternate employment.

CONTRIBUTION

13 What is the present rate of contribution?

a) Employer’s contribution: A sum equal to 4.75% of the wages payable to an employee, rounded off to the next higher rupee
b) Employee’s contribution: A sum equal to 1.75% of the wages payable to an employee, rounded to the next higher rupee;
14 What is the present rate of contribution?

a) Employer’s contribution: A sum equal to 4.75% of the wages payable to an employee, rounded off to the next higher rupee
b) Employee’s contribution: A sum equal to 1.75% of the wages payable to an employee, rounded to the next higher rupee;
15 What are wages for the purpose of contribution ?

The following items are taken in to account for computation of wages for payment of contribution.
a) Basic Pay, Wages, Salary;
b) D.A./HRA/CCA/Overtime/officiating allowance /Night shift allowance/efficiency allowance/Heat, Gas, Dust allowance /Education allowance/Food & Tea allowance/conveyanceallowance;
c) Wages/salary/pay for weekly off and publicholidays;
d) Commission paid to sales staff;
e) Subsistence allowance paid to an employee during the period of suspension;
f) Attendance Bonus orincentive or exgratia in lieu of Attendance Bonus or production incentive;
g) Regular Honorarium or salary or remuneration paid to a Director;
h) Collection Batta paid to running staff
i) Actual payments made towards leave Salary , lay off compensation , or wages for strike period
16 What are wages for the purpose of contribution ?

The following items are taken in to account for computation of wages for payment of contribution.
a) Basic Pay, Wages, Salary;
b) D.A./HRA/CCA/Overtime/officiating allowance /Night shift allowance/efficiency allowance/Heat, Gas, Dust allowance /Education allowance/Food & Tea allowance/conveyanceallowance;
c) Wages/salary/pay for weekly off and publicholidays;
d) Commission paid to sales staff;
e) Subsistence allowance paid to an employee during the period of suspension;
f) Attendance Bonus orincentive or exgratia in lieu of Attendance Bonus or production incentive;
g) Regular Honorarium or salary or remuneration paid to a Director;
h) Collection Batta paid to running staff
i) Actual payments made towards leave Salary , lay off compensation , or wages for strike period
17 What is the time limit for deposit of contribution ?

Contribution shall be paid in respect of an employee in to a bank duly authorized by the Corporation within 21 days of the last day of the calendar month in which the contribution falls due for any wage period. (Reg. 29 & 31).
18 What is the time limit for deposit of contribution ?

Contribution shall be paid in respect of an employee in to a bank duly authorized by the Corporation within 21 days of the last day of the calendar month in which the contribution falls due for any wage period. (Reg. 29 & 31).
19 Will the delayed payment attract any interest?

An employer who fails to pay the contribution within the time limit prescribed under Regulation 31, shall be liable to pay simple interest at the rate of 12% per annum in respect of each day of default or delay in payment
20 Will the delayed payment attract any interest?

An employer who fails to pay the contribution within the time limit prescribed under Regulation 31, shall be liable to pay simple interest at the rate of 12% per annum in respect of each day of default or delay in payment
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