Hi All, I want to know if anyone has CTC of 21000/-PM, is he eligible for ESIC. AND if yes how will it be calculated?
From India, Gurgaon
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From India, Gurgaon
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Please keep in mind ESIC applies to Gross Salary. The first condition for ESIC Limit is up to INR 21,000 gross salary.
If the Gross Salary of an employee is INR 21,000, the Employee's share of contribution would be: 0.75/100 * 21,000 = INR 157.5. And, the Employer's share of contribution would be: 3.25/100 * 21,000 = INR 787.5.
From India, New Delhi
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2If the Gross Salary of an employee is INR 21,000, the Employee's share of contribution would be: 0.75/100 * 21,000 = INR 157.5. And, the Employer's share of contribution would be: 3.25/100 * 21,000 = INR 787.5.
From India, New Delhi
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GROSS SALARY&CTC FOR 15500.xls