Hi, I want to know if an employee has a Gross Salary of 15000/- and he also get OT of Rs. 18000/- total gross becomes 33000/-.
Is he eligible for the ESI or what ESI amount should be deducted from his salary. If not, then what would be the upper limit of deducting ESI amount if a salary is with OT.
From India, Mohali
1Is he eligible for the ESI or what ESI amount should be deducted from his salary. If not, then what would be the upper limit of deducting ESI amount if a salary is with OT.
From India, Mohali
Hi
For ESI calculations, Overtime is not to be into account and it remains 21000 rupees. Overtime is not a guaranteed income and as such excluded from the definition of wage under the ESI Act.
Thanks and Regards
From India, Hyderabad
For ESI calculations, Overtime is not to be into account and it remains 21000 rupees. Overtime is not a guaranteed income and as such excluded from the definition of wage under the ESI Act.
Thanks and Regards
From India, Hyderabad
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EPS - Wage Limit increase_01.09. 2014.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx