Hello,
I am not sure of how to calculate ESI. I am aware that employee pays 1.75% and employer pays 4.75% but on what? I have the following break up in my salary - Basic, HRA, Medical Allowance, Conveyance Allowance, Ad-hoc Allowance, Special Allowance. I had the following questions
1) On what all of the above is ESI calculated?
2) What is the range of salary on which ESI is calculated? Till 15000 Per month?
3) There is another part of the salary that is variable salary (performance based). Should ESI calculation include that too?
Thanks in advance for helping me out.
I am not sure of how to calculate ESI. I am aware that employee pays 1.75% and employer pays 4.75% but on what? I have the following break up in my salary - Basic, HRA, Medical Allowance, Conveyance Allowance, Ad-hoc Allowance, Special Allowance. I had the following questions
1) On what all of the above is ESI calculated?
2) What is the range of salary on which ESI is calculated? Till 15000 Per month?
3) There is another part of the salary that is variable salary (performance based). Should ESI calculation include that too?
Thanks in advance for helping me out.