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Thread Started by #Vinove

Dear All, Please help me understand how to calculate ESIC...? IS it on the Basic salary or on the Gross amount ?? Regards Bhavna
7th September 2007 From India, Delhi
Hi Bhavna.
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
7th September 2007 From India, Ahmadabad
Hi Amit
Just want to clear is this amount payable or its just to avail medical benefits as I could see our organisation pay employee 2400perannum as additional allowance in the form of ESi .
Regards,
Deepa
7th September 2007 From India, Gurgaon
Hi Deepa,

Its not there that under this Act only Medical benefit is provided, apart from this some more benefits are also provided, which are as below-

1. Sickness Benefit: Every insured employee is entitled to the cash benefit for the period of sickness, certified by a duly appointed medical practitioner.

2. Maternity Benefit: A cash benefit is payable to an insured woman employee, in case of miscarriage, medical termination of pregnancy, sickness arising from the pregnancy.

3. Disablement Benefit: It is also been paid in form of cash to an employee who is injured in an accident during the course of his employment.

4. Dependent's Benefit: If nay employee dies as a result of any injury, his dependents shall be entitled to a benefit in the form of pension.

5. Medical Benefit:

6. Funeral Expenses

7. Payment of benefit in case of death.

Moreover, it is the rule that if your company is covered under this Act, then you have to be with the rules, and it is required to register the company under this Act.

Regards,

Amit Seth.
7th September 2007 From India, Ahmadabad
Thank You Amit SAAB
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Regards
M. Peer Mohamed Sardhar
093831 93832
7th September 2007 From India, Coimbatore
Hi Amit,
Just wanted to get clarified on one thing is ESI calculated on Gross or Total Earnings of an Employee. And according to me if his/her limit cross 10,000 in between the Half year term than also he should to be covered till that particular period is finished, correct me if i am wrong.
I would like to be in touch with ur are of great help on my first day in this site.
Regards
Amith R.
7th September 2007 From India, Bangalore
Dear,
ESI Contribution is payable on the Gross Salary. The rate of contribution is 1.75% & 4.75% for employees & employer respectively. The wage limit for ESI Contribution is Rs. 10,000/- PM.
Thanks,
Amit Kumar Tawar
7th September 2007 From India, Mundra
Hi Amith,
ESI is calculated on the basis of Gross salary/month.
Regarding the second part, i'm not that much sure.. but in my view also you are bit correct, he remain covered under the Act till that benefit period..
Thank you so much, you are always welcome...
Regards,
Amit Seth.
7th September 2007 From India, Ahmadabad
Hi All,
What amit says it valid.. an employee will remained covered for the deduction till the end of the six monthly contribution period.
You can even check with the corresponding benefit period for the ESI benefits to the employees.
Regards,
Bajirao
7th September 2007 From India, Mumbai
hi!
Esi is caluculated on Basic + D.A. + All Allowances ( eg - Hra, Conv, O.T. ect ) + any other kind of earnings = Gross Amt.
It is diveded into two shares 1.75% that is employee share and 4.75% employer share total 6.5 %.
All employee who has their Gross Salary 10000 or less has to give their contribution towards ESI as 10000 is the celing for esi frm 1 oct 2006.
Now when u calculate it if some Amount comes in decimals you have to round it of to next rupee eg - if say Rs 45.3 it will be taken as Rs 46.
7th September 2007 From India, Delhi
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
8th September 2007 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
9th September 2007 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.
13th October 2007 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
13th October 2007 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) =
12th October 2010 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/-
12th October 2010 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]
20th July 2012 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
26th June 2013 From India, Kakinada
Dear all, I have one queri,my baby born on 19 July 2015 and I got the form 18 on 18 august 2015 please tell its count 30 days or 31 day.
3rd January 2016 From India, Delhi
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