Salary Breakup - Xls Download - CiteHR
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Dear Senoirs,
Can any one tell me the standard procedure for calculating the salary... from the gross salary ,,, basic will be 40% or 50%.. and then one of our employee's gross salary is 10000. whether he is eligible for ESI Act...
Gross 10000
Basic 60% 6000
HRA 24% 2400
Conveyance 800
Oth.allowance 800
ESI 175
PF 720
Take Home 9105
whether is it correct or not..

There is no any standard procedure for Salary Break-ups. All what we have to keep in mind while preparing breakups is just to reduce Tax on employees. For gross pay of Rs. 10,000/- you shall design format any how. Even what you have prepared is good enough. Make sure as basic & DA is not less than Minimum wages as per the act.

I have attached here the format which we are using to calculate salary. There is no standard procedure for calculating the salary. Basic percentage is different from comp. to comp.
As per the ESIC act employees who are getting more then 15000/- as a gross they are not entitled for ESI. If the gross salary is below 15000/- only eligible to get ESI.

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File Type: xls FAL - APX A - Format.xls (47.0 KB, 74 views)

Hi Dear, I want to know if my ESIC contribution were closed last quarter then how more i can take benefits from ESIC (Medical)
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