ESIC Ontrbution

satyarockinghr
Hi...all ESIC Max amount is 15000 , but my quire is if the employee getting his salary 20k including all the OT amounts . so how we pay to esic ?
attribution https://www.citehr.com/489148-paid-b...#ixzz2xugcupQa
santoshmbhuvad
Dear Friend,
If the Gross Rate Salary of an employee is less than or equal to 15K, then he is eligible for the ESIC and the ESIC Contribution has to be deducted on Total Earning of that particular employee, regardless of his Total Earning exceeds the ESIC Limit.
We have to deduct the ESIC contribution on Total Earnings. The Total Earnings will consist of all the Allowances paid the Employee as mentioned in Salary Slip.
Santosh Bhuvad
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satyarockinghr
For Ex
Employee Basic is 9000
Hra is 3600
Other Allow is 2400
Total Gross 15000
But in the month of jan he did OT 3000 now his total earning in the particular month 18000 , now my ? is how much is deduct the mount and contribute?
coming to 15000 deduct is 262@EE and 712@ER but coming to 18000 how much we deduct ?
varghesemathew
ESI contribution is payable for OT wages also if his salary excluding OT is upto or less than Rs 15000/pm.
Varghese Mathew
deenajag
Hello,
I presume the employee is already registered under ESIC.
In which case you need to pay ESIC on Rs.18000 - Employee Co. is 18000*1.75% and Emplr Con is 18000*4.75%
Hope this helps..
Warm regards,
Deena Jagasia
rkn61
Even if the employee's salary crosses Rs.15000/-, so long as the employee is in the contribution period, he will continue to pay
his contribution towards ESI, till the contribution period is over.
Trust this clarifies your querry.
Thanks
R K Nair
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