Method of ESI Calculation - gross salary Xls Download.. CiteHR
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Method Of ESI Calculation - Gross Salary

somabiswas2005 Started The Discussion:

Hi,

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.............

Thanks,
Soma

A Chandra Prabha - Contributing Member
Dear Friend,

ESI is not calculate on the CTC .
ESI is calculated on employees GROSS salary its also includes Incentives & NFH (National Festival Holidays & other Allowanes

Both Employer ( 4.75%) & Employee (1.75%) Must contribute ESI Pay on Employee Gross Salary

Regrds,
ac_prabha

GTM - 
Hi Soma
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.
(CTC-PF)*4.75/104.75

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.


Regards
Shweta

Quote:
Originally Posted by somabiswas2005
Hi,

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.............

Thanks,
Soma


Attached FilesProvided by community member GTM. Join us to learn and grow with your peers.
File Type: xls ctc_117.xls (17.0 KB, 7695 views)
dear Shweta,
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.

regards

Ashutosh verma

Nagendra - Contributing Member
dear Shweta what is CTC? i did not understand that calcualtion can u explain details for me or forward my id ple.. this is my id : nagendra.hr104@gmail.com Nagendra Hyderabad

somabiswas2005 - Contributing Member
Dear Shweta,

Thanks a lot lot lottttttttttt !!!!!!!!!

You slove my proble. And, now with the help of your ESI formula I'm easily able to calculate ESI.

Keep Posting.....................

thanks once again,


soma :)

basudeva - 
Dear all,
Please send in excel sheet attchment on EPF AND ESI RETURN FORMS with formula calculated thereon. So, this will be very much helpful for me to processing returns.

Basudeva Choudhury
New Delhi

Mobile no. 9891430567

basudeva - 
Dear all,
Please send in excel sheet attchment on EPF AND ESI RETURN FORMS with formula calculated thereon. So, this will be very much helpful for me to processing returns.

Basudeva Choudhury
New Delhi

Mobile no. 9891430567

M.Peer Mohamed Sardhar - Senior Member
Dear Friend,

Kindly click on the following link, it will give you some required information,

http://www.citehr.com/search_new.php...tion&submit=Go

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..

Regards

M.Peer Mohamed Sardhar
093831 93832

basudeva - 
Dear sir,

Thanking you for your response. I have already check in the link, but I have not found the attchment in excel sheet regrding the EPF AND ESI RETURN FORMS. Kindly send the same if you have these type of files.

Basudeva Choudhury
New Delhi

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