Respected members,
Since ESIC has raised its limit from 15,000 to 21,000 from 1st Jan 2017 onward. I have a question which I request you to clarify.
1) We have few employees drawing a consolidated salary of rs 15200.
Their breakup is like:
Basic: 7300
HRA: 7300
Other allowance: 600
However, we have been providing accommodation to them and hence deducted the entire HRA of Rs 7300 from their salary and finally pay (Basic + Other allowance) which comes to 7900 after HRA deduction.
Till now, we have not been deducting PF as well on such employees as their gross exceeded 15K.
Now, with revised limit. Could somebody please help with the calculation on ESIC with such salary structure?
Since ESIC has raised its limit from 15,000 to 21,000 from 1st Jan 2017 onward. I have a question which I request you to clarify.
1) We have few employees drawing a consolidated salary of rs 15200.
Their breakup is like:
Basic: 7300
HRA: 7300
Other allowance: 600
However, we have been providing accommodation to them and hence deducted the entire HRA of Rs 7300 from their salary and finally pay (Basic + Other allowance) which comes to 7900 after HRA deduction.
Till now, we have not been deducting PF as well on such employees as their gross exceeded 15K.
Now, with revised limit. Could somebody please help with the calculation on ESIC with such salary structure?