Hi
my question s how to calculate esi in salary,
my comapany divided the salary strucure in basic, da, hra, ca, wa, spa and ea.
nw we are calculating only basic & da wheteher it s correct pls tell suggestion
From India, Coimbatore
1my question s how to calculate esi in salary,
my comapany divided the salary strucure in basic, da, hra, ca, wa, spa and ea.
nw we are calculating only basic & da wheteher it s correct pls tell suggestion
From India, Coimbatore
Dear Arun,
Please refer to the definition of `wages' as applicable in ESI Act, 1948. You have used abreviations in your question. But as I understand them, all of them will have to be included in the `wages' for payment of contributions.
Remember that ESI contribution is NOT ONLY ON BASIC AND D.A.
"wages" means all remuneration paid or payable, in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes any payment to an employee in respect of any period of authorised leave, lock-out, strike which is not illegal or lay-off and other additional remuneration, if any, paid at intervals not exceeding two months, but does not include-- (a) any contribution paid by the employer to any pension fund or provident fund, or under this Act; (b) any travelling allowance or the value of any travelling concession; (c) any sum paid to the person employed to defray special expenses entailed on him by the nature of his employment; or (d) any gratuity payable on discharge.
From India
Please refer to the definition of `wages' as applicable in ESI Act, 1948. You have used abreviations in your question. But as I understand them, all of them will have to be included in the `wages' for payment of contributions.
Remember that ESI contribution is NOT ONLY ON BASIC AND D.A.
"wages" means all remuneration paid or payable, in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes any payment to an employee in respect of any period of authorised leave, lock-out, strike which is not illegal or lay-off and other additional remuneration, if any, paid at intervals not exceeding two months, but does not include-- (a) any contribution paid by the employer to any pension fund or provident fund, or under this Act; (b) any travelling allowance or the value of any travelling concession; (c) any sum paid to the person employed to defray special expenses entailed on him by the nature of his employment; or (d) any gratuity payable on discharge.
From India
Other than washing allowances you can blindly calculate 1.75% (rounded up to next higher rupee) towards employees' share and 4.75% of the total wages paid to all the emloyees rounded up to next higher rupee to be paid towards employer's share Total 6.5% to be paid before 21st of the following month...............Any query don't hesitate to call 09443434313 or 
From India, Hyderabad
From India, Hyderabad
Please calculate the ESI on gross salary. It may include basic, hra, da, conveyance, spl allowance. e.g. total earning of an employee.
From India, Delhi
From India, Delhi
Dear Sir,
I have a question... am from Kolkata and working in HR Dept....out business is renewable energy... total employees around 30 approx...
Sir, please tell me , for official persons what I have to do for Gratuity... what statutory thing regarding Gratuity I hv to carry...
2. In plant, the area is not covered by the ESIC hospital... in that case do I hv to take "Workmen Compensation".......
3. Kindly suggest me what else statutory liabilities I hv to take care .
Awaiting your reply..
you can send me your reply in
...
Supriya
From India, Calcutta
I have a question... am from Kolkata and working in HR Dept....out business is renewable energy... total employees around 30 approx...
Sir, please tell me , for official persons what I have to do for Gratuity... what statutory thing regarding Gratuity I hv to carry...
2. In plant, the area is not covered by the ESIC hospital... in that case do I hv to take "Workmen Compensation".......
3. Kindly suggest me what else statutory liabilities I hv to take care .
Awaiting your reply..
you can send me your reply in
Supriya
From India, Calcutta
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ESI contribution rates lowering.pdf