ESI will be deducted from the total salary including the OT amount. There may be months during which the salary of an employee may exceed Rs 10000 (the limit for ESI) Still in that month also the contribution payable by the employee @ 1.75% of such increased amount shall be deducted. Similarly, the employer has to contribute @ 4.75% of the total wages including the OT amount.
However, for deciding the eligibility of an employee under the ESI, the OT will not be counted. Therefore, one whose salary including OT becomes more than Rs 10000, he is not exempted from ESI.
In your case the salary is Rs 3073
OT amount 2 times the hourly rate, ie, 3073/30/8 X 40 =1024
Total salary = 3073 + 1024 = Rs 4097
ESI -Employee's share = 71.70
ESI Employer's share = 194.6
Regards,
Madhu.T.K