Hi All, I want to know if anyone has CTC of 21000/-PM, does he eligible for ESIC. AND if yes so how wll be calculate.
From India, Gurgaon
From India, Gurgaon
Please keep in mind esic apply on Gross Salary
First Condition ESIC Limit = upto 21000 gross salary
If the Gross Salary of an employee is INR 21,000,
The Employee's share of contribution would be: 0.75/100 * 21,000 = INR 157.5.
And, the Employer's share of contribution would be: 3.25/100 * 21,000 = 787.5.
From India, New Delhi
2First Condition ESIC Limit = upto 21000 gross salary
If the Gross Salary of an employee is INR 21,000,
The Employee's share of contribution would be: 0.75/100 * 21,000 = INR 157.5.
And, the Employer's share of contribution would be: 3.25/100 * 21,000 = 787.5.
From India, New Delhi
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CTC Structure-13350 -pm.xls