Hi,
What are the wage components under the ESI Act to arrive at a monthly salary of Rs. 21,000? If we pay statutory bonus on a monthly basis, then these employees' gross monthly salary will be more than Rs. 21,000. Will they still be eligible under ESI?
Please clarify.
From India, Mumbai
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8What are the wage components under the ESI Act to arrive at a monthly salary of Rs. 21,000? If we pay statutory bonus on a monthly basis, then these employees' gross monthly salary will be more than Rs. 21,000. Will they still be eligible under ESI?
Please clarify.
From India, Mumbai
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Hi, ESI calculated on Gross earnings. If gross earning exceeds 21k then ESI coverage not required.
From India, Madras
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From India, Madras
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What is the formula for calculating Gross salary if CTC is known. CTC 14500 Basic 10000 Allowances 0 Gross Salary Employer EPFO 1300 Employer ESIC 0
From India, Bhopal
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From India, Bhopal
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Note that if the employee's gross salary exceeds the ESI wage limit, only the amount up to Rs. 21,000 will be considered as the wage component for ESI purposes.
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From Vietnam, Hanoi
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From Vietnam, Hanoi
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Draft Notification dt 6-10-2016 reg enhancement of wage ceiling under ESI Act.pdf
Salary & Wage .xls