The Correct Guideline For ESI Calculation

debasisroy

Dear Friend ...
I have opened my company's ESI , A/c ....
Can any one plz advice me the actual calculation of ESI deduction???
What are the allowances are exempted from ESI calculation ...
Thanks & Regards
Debasis Roy

krishis14u

As regards ESI coverage , there is no exclusion for nomenclature. All allowances are includible for ESI purpose.
The nature of company's is not relevant.
And annual payout will exempted from ESI (Like, Diwali bonus, Attendance bonus, if LTA paid 2 yearly etc)
Drawing more than Rs. 15001/- are exempt from deduction of ESI.

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