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.
3rd May 2009 From India
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