Dear All,
It is very clear in the ESIC rules, if any employee's gross wages cross the ceiling limit of ESIC during the contribution period i.e. April to September OR October to March you have to continue his contribution till the end of the contribution period. He will also entitle for benefits as per rules for the next 9 months though his contribution is discontinued.
Thanks,
Amit Kumar Tawar
From India, Mundra
2It is very clear in the ESIC rules, if any employee's gross wages cross the ceiling limit of ESIC during the contribution period i.e. April to September OR October to March you have to continue his contribution till the end of the contribution period. He will also entitle for benefits as per rules for the next 9 months though his contribution is discontinued.
Thanks,
Amit Kumar Tawar
From India, Mundra
Hi Lavleen,
I feel your question is not clear, are u trying to know the total contribution after 5 years or is it that you want to know what will be the PF amount deductable after 5 years?
I think if u can reframe your question, you will be the required answer from any one from the group & it will be useful for others as well.
Regards,
Bajirao
From India, Mumbai
I feel your question is not clear, are u trying to know the total contribution after 5 years or is it that you want to know what will be the PF amount deductable after 5 years?
I think if u can reframe your question, you will be the required answer from any one from the group & it will be useful for others as well.
Regards,
Bajirao
From India, Mumbai
Hi HR Peoples,
Can you please provide me some clarification regarding the annual submiision of ESI writtens.
If we fails to give a temporary ESI card to the new joinee, What will be the implication to the employer.
What will be the use of temporary ESI card?
Regards,
V.Arunkumar.
From India, Madras
Can you please provide me some clarification regarding the annual submiision of ESI writtens.
If we fails to give a temporary ESI card to the new joinee, What will be the implication to the employer.
What will be the use of temporary ESI card?
Regards,
V.Arunkumar.
From India, Madras
Hi, Smply Esi calculations are Employer Contri = 4.75% * (Basic +HRA+Special Allowance) Employee Contri = 1.75% * (Basic +HRA+Special Allowance) Regards Barada
From India, Madras
From India, Madras
PF is calculated as follows
basic salary-4000
PF deduction Employee Side for one month-4000*12/100=480
PF deduction Employeer Side for one month-4000*3.67%= 146.8
yearly-480*12(from employee side)= 5760
yearly-146.8*12(from employee side)= 1761.6
Total Contribution = +5760+1761.6+ = 7521.6
for 5yers--- 7521*5 + 9.5 % (compound interest of 5 years) =
From India, New Delhi
basic salary-4000
PF deduction Employee Side for one month-4000*12/100=480
PF deduction Employeer Side for one month-4000*3.67%= 146.8
yearly-480*12(from employee side)= 5760
yearly-146.8*12(from employee side)= 1761.6
Total Contribution = +5760+1761.6+ = 7521.6
for 5yers--- 7521*5 + 9.5 % (compound interest of 5 years) =
From India, New Delhi
Hi All, Pls. make a note of it that as per the new policy. the min limit of ESIC has been revised to 15000/-
From India, Delhi
From India, Delhi
Dear Amit,
From 1.5.2010 ; Esic is calculated up to a limit of 15000
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
Hope it might have helped you to understand the same..
Regards,
Amit Seth[/QUOTE]
From India, Mumbai
From 1.5.2010 ; Esic is calculated up to a limit of 15000
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
Hope it might have helped you to understand the same..
Regards,
Amit Seth[/QUOTE]
From India, Mumbai
Dear Friend, While giving the sickness benifit to the employees, the ESI officials are not paying SUNDAYs . Is there is any rule ? Regards, PBS KUMAR
From India, Kakinada
From India, Kakinada
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ESIC Calculation.zip
SALARY SHEET CALCULATION.xls