Sir, I know that Employee State insurance Corporation Cutting is 6.50% of Gross Salary (1.75% - Employee and 4.75%-Employer upto Rs.15000).
and According to CTC , ESIC cutting is 6.50% from Employee only.
Now my Gross Salary is Rs.14000 Per Month. Due to Incentives, Travelling allowance, Over time Allowance my Salary goes above Rs.15000 Mark i.e Rs.20000 In that month. So how much should be ESIC Cutting in that month????
From India, Mumbai
1and According to CTC , ESIC cutting is 6.50% from Employee only.
Now my Gross Salary is Rs.14000 Per Month. Due to Incentives, Travelling allowance, Over time Allowance my Salary goes above Rs.15000 Mark i.e Rs.20000 In that month. So how much should be ESIC Cutting in that month????
From India, Mumbai
Allowance are not a part for ESIC deduction, but overtime wages are deductable part for ESIC, your gross salary plus Overtime wages , total of this is stands for ESIC deduction at rate of 1.75% from your salary.
From Singapore
From Singapore
Dear Mr.Patil,
Altough, the ceiling of ESIC deduction is capped at Rs.15000/Month Gross however earning as OT & incentives shall be added for determination of earned gross for the month,in case the fixed gross is upto Rs.15000/Month.
However,reimbursement of traveling expenses is not be clubbed on the fixed gross as the ESIC act itself exempts "Conveyance" from gross salary.
From India, Chandigarh
Altough, the ceiling of ESIC deduction is capped at Rs.15000/Month Gross however earning as OT & incentives shall be added for determination of earned gross for the month,in case the fixed gross is upto Rs.15000/Month.
However,reimbursement of traveling expenses is not be clubbed on the fixed gross as the ESIC act itself exempts "Conveyance" from gross salary.
From India, Chandigarh
Dear Mr. U R Patil,
ESI is an applicable statutory compliance where the induvidual is applicable whose salary is lesser or equal to 15000 gross salary. In case if any allowances earned will not effect the ESI payable. Your ESI will effect at 1.75% and the employers by 4.75% irrespective to the wages/ allowances paid. Here the 4.75% is not contributed from the employees salary but employer remitts its share to the ESIC account.
From India, Visakhapatnam
ESI is an applicable statutory compliance where the induvidual is applicable whose salary is lesser or equal to 15000 gross salary. In case if any allowances earned will not effect the ESI payable. Your ESI will effect at 1.75% and the employers by 4.75% irrespective to the wages/ allowances paid. Here the 4.75% is not contributed from the employees salary but employer remitts its share to the ESIC account.
From India, Visakhapatnam
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
ESIC Notification_JU LY 2017_ESIC Contribution payable due date changed to 15th of following mont.pdf
No Due Certificate.doc