firstname.lastname@example.org Started The Discussion:
Please guide me if Basic+HRA is more than or equals to Rs7500/- does ESI deduction has to be made.
And please also tell me does we take into account HRA & Convenyce while calculating ESI.
For ESIC you have to consider all the fixed components of your monthly salary. You should not include any variable components.
I believe the ceiling for ESIC has been raised to Rs. 10000/-. Am not too sure on this but you could get the same confirmed.
Thanks for the clarification Anmol
The plain reading of the act says if the number of employees 10 or more and if you are operating with the use of Power, We get covered.
When you say operating with power. we are also using power in the sense that for running the computers and airconditioners and lighting .
What is the right interpertion of phrase ' with the use of power and without the usage power contemplated by the ESI Act
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> accounts annual salary statement calculation of salary central govt daily wages employee salary employee state insurance esi esi act esi calculation esi contribution esi coverage esi deduction esi limit esic esic act esic deduction esic limit gross salary half return hr consultant income tax income tax slab insurance act leave calculation Location-India-Delhi maternity leave medical allowance pension fund pf deduction promotion letter provident fund salary calculation salary components salary sheet salary statement salary structure sick leave social security software company state insurance steel plant washing allowance Complete List Of Categories
Interesting Relevant Discussions