All employees,Whose gross salary ranges from 3000 onwards has to pay PT .There is a slab for different states of India.
For Karnataka, No PT for Gross Salary upto Rs.2999
Gross Salary PT
Rs.15000 onwards Rs.200/-
ESI upto Rs.15000(Max Gross Salary)
Employe's Share-1.75%( From Gross)
Employer Share- 4.75%( -do-)
Both the calculation is compulsory by Govt to all employee for registered Company.
21st November 2012
TIC is Temporary Identity Certificate-the print which is given by HR dept.ESIC is online now and HR has its username and password, they will give you the printout which is called TIC which needs to be sign by authorized signatory. You have to go to the ESIC office to get the pic clcked by them with your family.
29th November 2012 From India, Delhi