Hi Vijay here, i would like to know the Details of ESI, wht is the procedure, how it is to be calculated, share some important topics on ESI (Acts & Sections). Regards Vijay
From India, Hyderabad
From India, Hyderabad
Hi vijay,
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000*4.75% = 380 Rupees.
Hope now it will be clear with you.
Regards,
Amit Seth.
From India, Ahmadabad
496ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000*4.75% = 380 Rupees.
Hope now it will be clear with you.
Regards,
Amit Seth.
From India, Ahmadabad
Hi! Vijay,
The ESI contributions are of two types:
1. Employee contribution i.e. 1.75 % of the gross salary and
2. Employer contribution i.e. 4.75 % of the gross salary
Please note: Round up both the to the next higher rupee, for example Rs. 238.10 should be rounded up to Rs. 39
Hope it would be of use.
Vikas Pareek
The ESI contributions are of two types:
1. Employee contribution i.e. 1.75 % of the gross salary and
2. Employer contribution i.e. 4.75 % of the gross salary
Please note: Round up both the to the next higher rupee, for example Rs. 238.10 should be rounded up to Rs. 39
Hope it would be of use.
Vikas Pareek
hi,
Would like to add something...
ESIC wage limit is 10k....in which Employee's & employer's share is 1.75% & 4.75% respectively...
That means company share is higher...so what company does that if some employee's salary is fixed as 9900 or something..then they make it 10010/- so that employee will be exempted from ESIC...! which inturn beneficial for company..
Secondly, Insured Person (Employee) can not include his/her brothers & sisters in taking benefits..There is specific Definition of "Family"...
One has to submit Declaration form No - 1 along with form No - 3 at Local ESIC office with Sub Code.....Please note that Male & Female Employees forms should be submitted separately...
Kindly come up with some specific query on the same so that it could be answered..
Regards,
Chaitali
Surat, Gujarat..
From India, Vadodara
Would like to add something...
ESIC wage limit is 10k....in which Employee's & employer's share is 1.75% & 4.75% respectively...
That means company share is higher...so what company does that if some employee's salary is fixed as 9900 or something..then they make it 10010/- so that employee will be exempted from ESIC...! which inturn beneficial for company..
Secondly, Insured Person (Employee) can not include his/her brothers & sisters in taking benefits..There is specific Definition of "Family"...
One has to submit Declaration form No - 1 along with form No - 3 at Local ESIC office with Sub Code.....Please note that Male & Female Employees forms should be submitted separately...
Kindly come up with some specific query on the same so that it could be answered..
Regards,
Chaitali
Surat, Gujarat..
From India, Vadodara
Hi Chaitali,
Myself Amit Seth working at Ahmedabad. If you dont mind may i know some details that where r u working,which industry, your job profile etc.
BTW i am working with an IT company.. and i am taking care of complete HR functions as i am the only person over here.
Regards,
Amit Seth.
From India, Ahmadabad
Myself Amit Seth working at Ahmedabad. If you dont mind may i know some details that where r u working,which industry, your job profile etc.
BTW i am working with an IT company.. and i am taking care of complete HR functions as i am the only person over here.
Regards,
Amit Seth.
From India, Ahmadabad
Hi All
Thanks to all for ur great valuble information
Iam working in a IT company ,is it same for IT Companies and as well as manufacturing companies?. pls kindly clarify this doubt reg ESI, is there any specific acts and sections for IT Company.
Thanks & Regards
Vijay
From India, Hyderabad
Thanks to all for ur great valuble information
Iam working in a IT company ,is it same for IT Companies and as well as manufacturing companies?. pls kindly clarify this doubt reg ESI, is there any specific acts and sections for IT Company.
Thanks & Regards
Vijay
From India, Hyderabad
Hi Vijay,
Yes it is same in both the companies, there is no any separate Act related with IT company specially for ESI or PF. As these are the statutary Acts and it applied similar in every industry.
Regards,
Amit Seth.
From India, Ahmadabad
Yes it is same in both the companies, there is no any separate Act related with IT company specially for ESI or PF. As these are the statutary Acts and it applied similar in every industry.
Regards,
Amit Seth.
From India, Ahmadabad
Dear All,
Can you give me the PF cofiguration as you discussed for ESI
Kindly give me guidelines for handling the PF adminstration and also suggest what are difficulties and how to overcome from them.
Regards
Vijay
From India, New Delhi
Can you give me the PF cofiguration as you discussed for ESI
Kindly give me guidelines for handling the PF adminstration and also suggest what are difficulties and how to overcome from them.
Regards
Vijay
From India, New Delhi
Contact the ESIC Office in your state if u are planning to introduce ESIC. - Min 20 employees in the org - Sal less than 10000 - See if there is ESIC in your area or if it can be covered. Rgs, sweta
From India, Kalyan
From India, Kalyan
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PF & ESI CALCULATION SHEET EXAMPLE.xls