Sir, I know that Employee State Insurance Corporation cutting is 6.50% of Gross Salary (1.75% - Employee and 4.75% - Employer up to Rs. 15,000). According to CTC, ESIC cutting is 6.50% from the Employee only. Now my Gross Salary is Rs. 14,000 Per Month. Due to Incentives, Traveling Allowance, Overtime Allowance, my Salary goes above the Rs. 15,000 mark, i.e., Rs. 20,000 in that month. So how much should be ESIC Cutting in that month?
From India, Mumbai
1From India, Mumbai
Allowances are not a part of ESIC deduction, but overtime wages are a deductible part for ESIC. Your gross salary plus overtime wages, the total of which stands for ESIC deduction at a rate of 1.75% from your salary.
From Singapore
From Singapore
Dear Mr. U R Patil,
ESI is an applicable statutory compliance where the individual is applicable whose salary is lesser or equal to 15000 gross salary. In case if any allowances earned will not affect the ESI payable. Your ESI will affect at 1.75% and the employers by 4.75% irrespective of the wages/allowances paid. Here the 4.75% is not contributed from the employee's salary but employer remits its share to the ESIC account.
From India, Visakhapatnam
ESI is an applicable statutory compliance where the individual is applicable whose salary is lesser or equal to 15000 gross salary. In case if any allowances earned will not affect the ESI payable. Your ESI will affect at 1.75% and the employers by 4.75% irrespective of the wages/allowances paid. Here the 4.75% is not contributed from the employee's salary but employer remits its share to the ESIC account.
From India, Visakhapatnam
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ESIC Notification_JU LY 2017_ESIC Contribution payable due date changed to 15th of following mont.pdf
No Due Certificate.doc