Actual Esic Calculation

Hi,
i wanna to know exact employee & employer contribution in ESIC,
for example :- if salary is Rs 9104
what will be employee contibution ...(1.75% 0f 9104) = 159.32..so wht should we consider..... .159 or 160 ?? , employer contribution..(4.75% of 9104) = 432.44.......432 or 433 , total contibution..(6.5% 0f 9104) = 591.76....... 591 or 592 ???
plz reply , n how ....what is exact formula for calculation of exact formula...since due to esic online challan generation we are facing difficulties.....
plz do deedful ???
Regards
mamta Agrawal

Each contribution shall be rounded to the next rupee irrespective of whether it falls below 50 paise or not.
Madhu.T.K

you are right sir, but i tried online, there employer contribution calculation was wrong according to you, because it calculate below 50 or above method..

Hi All,
We are calculating in the similar manner as mentioned by Bhardwaj below but after the data is put online the contribution amount differs as per our excel calculation and the Online calculation by the system
Cann anyone help as to how does the system calculate the amount ?????
This is creating issues for us to reconcile. Pls help.

you are right, even me faced same problem. and even have generated challan now i want to delete it, but they asking approval by ESIC REGIONAL HEAD, then they will do this.

Dear All,
You all r correct but u can see while generating the system generated sheet the 4.75% of ESI Calculation doesn't round up to the next number hence there shows a difference. it only take roundup in the final amount.
any suggestion/comments may please be appreciable.
Regards
Dhaneswar