If the person is receiving a salary of 11,000 per month, how do you calculate the ESI at 1.75% and the company's contribution of 4.75%? How is the ESI calculation made?
If the person is receiving a salary of 10,050 per month, how do you calculate the ESI at 1.75% and the company's contribution of 4.75%? How is the ESI calculation made?
From India, Erode
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If the person is receiving a salary of 10,050 per month, how do you calculate the ESI at 1.75% and the company's contribution of 4.75%? How is the ESI calculation made?
From India, Erode
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Dear, it is calculated on basic salary. If you treat that amount as full basic, then the formula will be as follows:
Employee's State Insurance scheme is a self-financing social security and health insurance scheme for Indian workers. Any laborer who earns below Rs 15,000 as his or her monthly salary will be covered under the ESI. Both the employer and employee contribute to ESI. The employer's contribution is around 4.75%, and the employee's contribution is 1.75%.
Example 1: Find out the ESI for the basic salary of Rs 9,000.
Step 1: Enter the salary, for example, 9,000.
Step 2: The employee contributes 1.75% for ESI. Now compute as shown here: ESI = 9,000 * (1.75/100) = 158.
Step 3: The employer contributes 4.75% for ESI. Compute as shown here: ESI = 9,000 * (4.75/100) = 428.
From India, New Delhi
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6Employee's State Insurance scheme is a self-financing social security and health insurance scheme for Indian workers. Any laborer who earns below Rs 15,000 as his or her monthly salary will be covered under the ESI. Both the employer and employee contribute to ESI. The employer's contribution is around 4.75%, and the employee's contribution is 1.75%.
Example 1: Find out the ESI for the basic salary of Rs 9,000.
Step 1: Enter the salary, for example, 9,000.
Step 2: The employee contributes 1.75% for ESI. Now compute as shown here: ESI = 9,000 * (1.75/100) = 158.
Step 3: The employer contributes 4.75% for ESI. Compute as shown here: ESI = 9,000 * (4.75/100) = 428.
From India, New Delhi
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ESI calculations are made taking not only basic but all his earnings, i.e., basic + DA + VDA + other allowances payable to him at an interval not exceeding two months + overtime amount earned in a month. With overtime, even if he exceeds the ceiling, ESI is to be paid.
From India, Adilabad
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From India, Adilabad
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Sir, As my knowledge is concern u can not bar a person for ESIC considering OT Wages as it is a variable. Regards, Vikas
From India, undefined
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From India, undefined
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Employee Benefits.doc
Employee Benefits.zip