Conveyance Allowances Included While Calculating Esi?

HI all,
Good Afternoon,
PLEASE SOLVE MY QUERY!!!!!
1.Do we have to deduct conveyance allowance from gross salary while calculating ESI?
This is the GROSS SALARY of X employee
BASIC 4500/-
HRA 3000/-
CONVEYANCE ALL 1500/-
VECH MAINT ALL 600/-
MED ALL 450/-
TOTAL G/S 10,050/-
what will be the ESI for the above X employee?
2.Is ESI included in CTC?
Regards
Vikram
22nd April 2011 From India, Pune

sethupathy-s

Dear Vikram,
Employer's contribution of 4.75% can be included in CTC.
You can omit the washing allowance (If Uniforms are Provided) and Conveyance Allowance from the wages deemed for contribution.
Please Go through the attached files.
S.Sethupathy,
Excellent HR Services,
Erode.
22nd April 2011 From India, Selam

Attached Files (Download Requires Membership)

ESI wages.doc (51.5 KB, 961 views)

ESI-Not-applicable-on-Conveyance-Allowance.doc (43.0 KB, 842 views)

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

Other Similar User Discussions On Cite.Co

Attendance, conveyance allowances - epf wages applicable allowances?

Esi not to be deducted for conveyance allowance - pdf download

Can we provide conveyance & travel both allowances to sales employees?

Related Files & Downloads Shared By Members

 ESI-Not-applica ble-on-Conveyan ce-Allowance.do c

 ESI - Allowances Rules - Salary.docx

 ESI contribution rates lowering.pdf

Conveyance Allowances Included While Calculating Esi?

Cite Community - Real-World Insights From Professionals & Businesses. A Community Supported Knowledge-base.

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Trending