Dear Pankaj,
While appreciating ur efforts, i wan to educate you on two issues..................First one...Employees whose average daily wages is less than Rs.70 they are called as Exempted employees. In respect of such employees no need to pay 1.75%, but employer's share of 4.75% to be deducted, this point was ignored while preparing your excel sheet.....
And second issue..........due to recent computerisation in ESI, now paying the ESI through manual challans is stopped and the calculation of Employees Share and Employer share will be looked after by the system only........Only you have to enter the no. of days and wages paid to the employee to generate the challan.....as payment through system generated challan is MANDATORY in ESI......
With regards.......