Employer was made deduction @ 1.75% CONTRIBUTION in employee gross (below 15000/- PM salaried employees) salary and also employer add 4.75% (from employer account) CONTRIBUTION on gross salary of employee. Then above two contributions were paid to esic.
FOR EXAMPLE:
IF EMPLOYEE SALARY IS (GROSS) = 12,200/-
Employee contribution is (1.75%) = 12,200 x 1.75% = 214.00 (213.50)
Employer Contribution is (4.75%) = 12,200 x 4.75% = 580.00 (579.50)
total contribution is (employee + employer) = 794.00
ANANDA RAJU
HR DEPT
RAMOJI GROUP
FOR EXAMPLE:
IF EMPLOYEE SALARY IS (GROSS) = 12,200/-
Employee contribution is (1.75%) = 12,200 x 1.75% = 214.00 (213.50)
Employer Contribution is (4.75%) = 12,200 x 4.75% = 580.00 (579.50)
total contribution is (employee + employer) = 794.00
ANANDA RAJU
HR DEPT
RAMOJI GROUP