2. After going through all such material, if still you have any doubt, you can raise in this cite by indicating the doubts or clarifications in brief. ESIC and social security is a vast subject, and it is difficult to indicate the same in a para or in few paras.
19th September 2015 From India, Noida
I suggest you to pls read Taxmann's labour law.it is quite helpful for MBA level.
19th September 2015 From India, Ghaziabad
21st September 2015 From India, Jodhpur
Employee State Insurance Act, 1948:
ESI : Employee State Insurance is calculated at 1.75% on the gross salary of the employees whose salary is below Rs. 15000/-per-month (w.e.f 2010) and Employer contributes 4.75%
on the gross salary of the employee and the aggregate 1.75% + 4.75% is remitted to the
4.75% of gross salary (Employers contribution) +1.75% of gross salary (Employees Contribution)
Note: The person who r getting more above 15,000 Gross salary, is not applicable for ESI Act
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.
21st September 2015 From India, Bangalore