As per ESIC rounded off rule the fractional part would be converted to nearest rupee. But I found one problem with online ESIC software calculation i.e.
ESIC wages amount= Rs. 1086/- and 1.75% of this amount would be Rs.19.005/-
a) In ESIC Online it is calculated Rs.19/- as per rule it should be Rs.20/?
Kindly comment.
Regards,
Sarwan, Programmer.
From India, Chandigarh
1ESIC wages amount= Rs. 1086/- and 1.75% of this amount would be Rs.19.005/-
a) In ESIC Online it is calculated Rs.19/- as per rule it should be Rs.20/?
Kindly comment.
Regards,
Sarwan, Programmer.
From India, Chandigarh
Dear Shravan,
System is always correct..!! It takes rounded off figure 20, when the figure is 19.5 or above the value of 19.5. If the figure value is below the 19.5 then it automatically takes as 19 only. In your case the value 19.005 is very low to satisfy the above condition that is why it took the round figure 19.
I think your doubt is clear now...!!!!!!
From India, Hyderabad
System is always correct..!! It takes rounded off figure 20, when the figure is 19.5 or above the value of 19.5. If the figure value is below the 19.5 then it automatically takes as 19 only. In your case the value 19.005 is very low to satisfy the above condition that is why it took the round figure 19.
I think your doubt is clear now...!!!!!!
From India, Hyderabad
Dear Sarwan, if an amount is 19.5 then it is concern as 20, but in above case amount is 19.005 Regards, Manoj Vaishy
From India, Mumbai
From India, Mumbai
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Online ESIC Adhaar Verifcation.pdf