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mmreddys
Dear Kethan Please see the notification also about the ESI limit from 01.05.2010 Murali
From India, Gurgaon
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File Type: pdf ESI Amendment.pdf (522.4 KB, 233 views)

vigsysjesu
29

Dear Frined,
This is your payslip?
OK.
My CTC is 7500/ month
My Basic is 7143
Deduction is : PT : 80
GMC : 530
ESIC : 125 (1.75% OF 7143)
My Net : Basic - (PT+GMC+ESIC) I.e
7143 - (80+530+125) = 6408
Is above calculation right ?
They give CTC structure as
7143+356(4.75% of 7500) = 7500 /month
This calculation is wrong. How can an employer add the employer's contrbution for PF in your CTC? He can add the employer's contrbution of PF (12%) in you CTC. Because CTC means cost to the company which is gain for you and you can withdraw the amount. Where as you cannot withdraw the ESIC amount.
Your actual gross is 7143.

From India, Madras
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