Hi, this is Vijay. I am working in a private company. I have some doubts about my increment this year. I got a salary of 23k per month, but there were some deductions for ESI. I asked my HR managers, and they revised my letter, removing the ESI amount from my package.
Now, here is where the problem starts. My company gave a 15% increment to all employees. With that benefit, I was supposed to receive 3.35 lakhs per annum, including the ESI amount. However, now that the ESI amount has been eliminated from my package, my package is reduced to 3.21 lakhs. Consequently, I only received a 10% increment. I am confused about where that 4% benefit went.
From India, undefined
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Now, here is where the problem starts. My company gave a 15% increment to all employees. With that benefit, I was supposed to receive 3.35 lakhs per annum, including the ESI amount. However, now that the ESI amount has been eliminated from my package, my package is reduced to 3.21 lakhs. Consequently, I only received a 10% increment. I am confused about where that 4% benefit went.
From India, undefined
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ESI is applicable, if your Gross salary is Rs21,000/- & below.Employee share of ESI @1.75%, Employer Share of ESI @4.75%
From India, New Delhi
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691From India, New Delhi
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INCREMENT LETTER.doc
Provident Fund Percentage Table.pdf