Dear All, Now EPF also online...Like ESI. Is it correct information or not..Please give about this information.
From India, Hyderabad
1From India, Hyderabad
Hi,
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
Thanks,
Brijesh Kumar Vishwakarma
From India
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
Thanks,
Brijesh Kumar Vishwakarma
From India
Hi,
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
From India
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
From India
Hi,
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
Thanks,
Brijesh Kumar Vishwakarma
From India
ESI act covers all employees, whose remuneration does not exceed Rs 15000 pm (monthly remuneration means – monthly rated or regular/slandered components (not includes onetime payment like Bonus & Overtime).
The overtime allowances & Bonus will be considered as wage for the purpose of charging the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme.
Aforesaid regular salary is 10000 pm (Basic + HRA + Conv + SplAll.. etc) that is less than 15000 so ESI will applicable and ESI will be deducted on total (Monthly Salary+ Over time amounts ) Gross Salary.
Also note that ESI will not be deducted on if any payment made at intervals exceeding 2 months.
Thanks,
Brijesh Kumar Vishwakarma
From India
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ESIC Calculation.zip
SALARY SHEET CALCULATION.xls