Hi, What are the wage components under ESI Act to arrive on a monthly salary of Rs 21000.
If we pay statutory bonus on monthly basis then these employees gross monthly salary will be more than Rs 21000.
Thus will they still be eligible under ESI.
Please clarify.
From India, Mumbai
5If we pay statutory bonus on monthly basis then these employees gross monthly salary will be more than Rs 21000.
Thus will they still be eligible under ESI.
Please clarify.
From India, Mumbai
Hi, ESI calculated on Gross earnings. If gross earning exceeds 21k then ESI coverage not required.
From India, Madras
From India, Madras
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Gross Salary(1).xls
ESI Circular - New Salary ceiling of Rs. 15,000 effective May 1, 2010.pdf