Dear Sir,
My CTC is 7500.
And basic is 7143.
From my salary 125 (1.75% of 7143) is deducted and
356(4.75% of 7500) is included in my CTC hence
7500-356 = 7143 is my basic I receive..
Is above calculation right ?
And now my salary will be 10500 Rs. So
Please tell me Will I be exempted from ESIC deduction or not ?
One other question.. I am giving 1.75% of my salary to be benefited and 4.75% is also deducted from my salary.
Why should company benefited even though both contribution are done from my salary ?
Please reply me as I am very confused with this ..
U can also mail me on ketan_cp219@yahoo.co.in
Thanks in advance...
My CTC is 7500.
And basic is 7143.
From my salary 125 (1.75% of 7143) is deducted and
356(4.75% of 7500) is included in my CTC hence
7500-356 = 7143 is my basic I receive..
Is above calculation right ?
And now my salary will be 10500 Rs. So
Please tell me Will I be exempted from ESIC deduction or not ?
One other question.. I am giving 1.75% of my salary to be benefited and 4.75% is also deducted from my salary.
Why should company benefited even though both contribution are done from my salary ?
Please reply me as I am very confused with this ..
U can also mail me on ketan_cp219@yahoo.co.in
Thanks in advance...