Esi Doubt Txt Download

Hi rabi,
ctc means cost to company like basic+hra+conv+any other allownce+Employer share P.F.& ESI both+any other banifits
Your salary is 10604 gross and ctc 11326 it means 722 is what? if esi deduct in your salary
your salary 10604=00 (1.75%Rs.186 is ded your salary)
esi 4.75% 504=00
others 722=00
total 11830=00 it is your ctc
than what's the problam your salary is 10604 only balance 504&722 is employer share
Vakil ahmed
HR-Executive

Hi,
I think only employee's contribution (1.75% of gross) should be reduced from the take home salary & the employer's contribution (4.75% of gross)should be added to the CTC.
Whole burdon should not be put on the employee as ESI is for employee benefit.
Regards,
Helical

As you said employers contibution can be added into the CTC,but my employer added the gratuity and bonus also in my CTC is it a right procidure???????????

Dear Archana,
There is an amendment to the Act and the ceiling is raised to Rs. 15K.
Irrespective of what is mentioned in the terms of employment if gross is upto 15K the employee is covered under the Scheme. At no point of time whether the employer mentions it in the terms or not, the employer's contribution should not be recovered from employeee.
Employee can ask for a letter in this regard, or wait for the payslip. That should be sufficient ground to raise the issue of excess deduction from salary.

Hi All,
Good Disscussion first of all,
I have almost same query.
At the time of my appointment, company promised me to give 10000 in hand, in the month of april, they paid 10100 rs to me as they want to save their contribution in ESI and now they are again reducing my salary to 10000 and cutting down the esi part of 175 rs. from my in hand salary,
is this correct on company part or should I fight against it.
company has mentioned 10100(ctc) in my offer letter, when i joined in april.

• Your Monthly Gross should remain Rs. 10100 and there is no logic or justification in reducing it to Rs. 10000.
• There will be deduction of Rs. 177 from your monthly gross of Rs. 10100 towards your contribution to ESI @ 1.75%.
• Any deviation from above should not be accepted and it is illegal.

Thanks & Regards

• Government has amended laws to give more benefits to employees and all employers are duty-bound to follow the law in letter and spirit. Amendment in law has surely put some burden on employer and they have no choice but to bear it.
• Would you argue the same way in case Minimum Wages are raised due to inflation? Would you not be fair to pay at-least minimum wages to your workers?
• How and Why employer can not change it's salary budget. There is always scope for some changes and adjustments in budget. There is something called tolerance in any budget. What dose employer do when prices of raw materials, power, fuel etc. go up? Will he not change his budget for such contingencies?

Thanks & Regards

Dear All,
I m working in pvt company. My gross salary is Rs.16650/- and CTC is Rs.23298/- p.m.
I want to know whether i m coming under Medical or ESI.
your suggestion is highly appriciated.
Regards,
Mangesh Pawar

Hii Rabina,
Lets go by thumb rule below---
From Your gross salary, Co. can deduct only 1.75%,thus your take home will get reduced by 1.75% of gross only --- think simply as above,,,,
Now From your Gross, Co. have to add 4.75%, Thus your CTC will increase by 4.75% of Gross..
Now if the Co do not want to increase CTC then the Co has to revise your previous gross (in that case revised Gross will be less than your previous gross) and for that the co has to give you a revised appointment letter (and your previous appoint letter will become inactive from now)...
Don't get demotivated this is applicable to all of us who are getting Gross salary of 15000.00 per month or less than that...at least we are getting ESIC benefit which at any circumstance cannot be measured by monetary value.....
Regards,
Santo Bhowmick
Asst. Manager HRD
9836387396

My Dear friend,
If you are in CTC then you can't say anything as your CTC is fixed and they are supposed to pay you per annum as per CTC agreed upon you and them.
Best Regards
Modi Ashok Kumar