I want to know that employer contribution to ESI calculation is individual basic or on total employee’s earning esi salary
From India , Faridabad
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From India , Faridabad
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4.75 % of individual basic, also even if you count on total basic of employees it will not vary with the individual.
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Dear DEVESH292,
ESI compliance is entirely an IT roll-out now. The challan is created on the ESI portal by inputting the days present and gross earnings of individual IPs. The portal takes care of calculating the employee's share and the employer's share. You only need to ensure that the deduction made from the salary of individual IPs matches the amount that appears in the portal as the employee share.
The portal does not calculate the employer's share on an individual IP basis. Even when we were preparing the challan manually, we were not calculating the employer's share on an individual IP basis but on the total gross of all IPs.
From India, Mumbai
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ESI compliance is entirely an IT roll-out now. The challan is created on the ESI portal by inputting the days present and gross earnings of individual IPs. The portal takes care of calculating the employee's share and the employer's share. You only need to ensure that the deduction made from the salary of individual IPs matches the amount that appears in the portal as the employee share.
The portal does not calculate the employer's share on an individual IP basis. Even when we were preparing the challan manually, we were not calculating the employer's share on an individual IP basis but on the total gross of all IPs.
From India, Mumbai
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ESI contribution rates lowering.pdf
SALARY SHEET CALCULATION.xls