New ESIC Declaration Forms: Have You Updated Your Records Yet?

Please find attached the new ESIC declaration forms.

Regards,
Anil Prajapati
[Phone Number Removed For Privacy Reasons]

Kindly provide the salary components for calculating ESIC.

Regards,
Kalpesh Karapurkar

ESIC Salary Component Calculation

What kind of salary component do you need to calculate ESIC? You can deduct ESIC for employees whose gross salary is under ₹15,000.00 per month. On the employee's side, it's 1.75% rounded off to one rupee, and on the employer's side, it's 4.75% rounded off to one rupee.

For example, if someone's gross salary is ₹15,000.00 and that employee is drawing ₹14,500.00 in any particular month, then the calculation should be as follows:
- ₹14,500 * 1.75% = ₹254
- ₹14,500 * 4.75% = ₹689

That's it.

Nitesh has answered all your questions. The above method is the correct way to calculate ESIC.

Thanks and Regards,
Ravibhushan

My company is a small concern with 6-7 ESIC-insured individuals. We are involved in trading medicines and not in manufacturing. I would like to know if it is necessary for us to maintain an Accident book under ESIC Regulation 66.

Regards,
Veda

Hello Everyone, I don't understand why, if the ESIC registration is online, they have come up with declaration forms again?

Hi, I think this is for our records because when we register employees on the ESIC website, it is also necessary to have records and acceptance from the employees themselves.