Nikita Gandhi Started The Discussion:
As per the ESI act it is calculated on Gross amount.
To arrive at Gross amount there are various pay elements considered like Basic, HRA, Convy & Spl pay [balancing figure after allocating the amount in other payelements] etc.
As PF, ESI & Gratuity is calculated after Gross salary, and as ESI is calculated on Gross i am getting a circular reference while i prepare the the salary fitment in spread sheet.
Can body guide me how to arrive at gross earnings as Spl pay is balancing figure?
Appreciate an early response.
hi niki, 1st of all esi is deducting from gross amount and in gross amount only (basic and da) comes other heads come rest depending on ur earning and deduction head.at the end what ever amount u will get that will be ur net payable amount. which include all earnings like hra , conv, special payand deduction head like security, etc.
hope u are clear now.
for any help keep in touch
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