Hi All, I want to know if anyone has CTC of 21000/-PM, is he eligible for ESIC. AND if yes how will it be calculated?
From India, Gurgaon
From India, Gurgaon
Please keep in mind esic apply on Gross Salary
First Condition ESIC Limit = upto 21000 gross salary
If the Gross Salary of an employee is INR 21,000,
The Employee's share of contribution would be: 0.75/100 * 21,000 = INR 157.5.
And, the Employer's share of contribution would be: 3.25/100 * 21,000 = 787.5.
From India, New Delhi
2First Condition ESIC Limit = upto 21000 gross salary
If the Gross Salary of an employee is INR 21,000,
The Employee's share of contribution would be: 0.75/100 * 21,000 = INR 157.5.
And, the Employer's share of contribution would be: 3.25/100 * 21,000 = 787.5.
From India, New Delhi
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CTC Structure-13350 -pm.xls