Issue with ESIC Online Calculation
As per the ESIC rounded-off rule, the fractional part should be converted to the nearest rupee. However, I found an issue with the online ESIC software calculation. For example, if the ESIC wages amount is Rs. 1086/-, then 1.75% of this amount would be Rs. 19.005/-. In the ESIC Online system, it is calculated as Rs. 19/-, whereas per the rule, it should be Rs. 20/-.
Kindly comment.
Regards,
Sarwan
From India, Chandigarh
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1As per the ESIC rounded-off rule, the fractional part should be converted to the nearest rupee. However, I found an issue with the online ESIC software calculation. For example, if the ESIC wages amount is Rs. 1086/-, then 1.75% of this amount would be Rs. 19.005/-. In the ESIC Online system, it is calculated as Rs. 19/-, whereas per the rule, it should be Rs. 20/-.
Kindly comment.
Regards,
Sarwan
From India, Chandigarh
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Dear Shravan, the system is always correct! It takes the rounded-off figure 20 when the figure is 19.5 or above. If the figure value is below 19.5, then it automatically rounds it down to 19. In your case, the value of 19.005 is too low to meet the condition above, which is why it rounded to 19.
I hope your doubt is clear now!
Thank you.
From India, Hyderabad
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I hope your doubt is clear now!
Thank you.
From India, Hyderabad
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Dear Sarwan, if an amount is 19.5 then it is concern as 20, but in above case amount is 19.005 Regards, Manoj Vaishy
From India, Mumbai
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From India, Mumbai
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Online ESIC Adhaar Verifcation.pdf
ESIC Calculation.zip