Hi, What are the wage components under ESI Act to arrive on a monthly salary of Rs 21000.
If we pay statutory bonus on monthly basis then these employees gross monthly salary will be more than Rs 21000.
Thus 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
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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