Vmlakshminarayanan
Sr.manager - Hr&admin
CADZONE
Manager
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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.

Hi, ESI calculated on Gross earnings. If gross earning exceeds 21k then ESI coverage not required.
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
Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™