somabiswas2005 Started The Discussion:
Can any body help me to how we calculate ESI if CTC is 8000/-
i now the the % of Employeer & Employee contribution towards ESI It's
4.75% & 1.75% respectively, but not able to claculate ESI.
Can, any body show me the calculation method????????????
Waithing for ur quick response.............
It is really a tough exercise, even I faced the same problem in my company.
but there is a way to solve it. First you need to calculate the gross salary of the employee i.e. CTC minus PF and ESI. But here we want to calculate ESI itself so do one thing apply this formula.
And Here I am attaching a CTC for 8000/- it can help you
this time I am not able to give you detailed guidance but if you dont understand the calculation I will give the details.
well first i must clear it out to you, that E.S.I calculation is always calculated on Gross Salary, rather than C.T.C.
in order to know the gross salary, you will have to deduct esi, and pf (Employers share) from C.T.C or anyother such component which does not form the part of routine salary, like bonus, etc.
then after you can make the calcualtion for E.S.I .
Still if yu have any doubts do let me know.
Kindly click on the following link, it will give you some required information,
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HRů..
M.Peer Mohamed Sardhar
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