Dear Devi Regarding Esi what kind of information you need. Either contribution details or general details Regards Venkat
Small confusion regarding ESI.
In our company we follow the salary payment as fixed pay & variable pay (VP) again in variable pay we split into guaranteed VP & performance based VP. Guaranteed VP will be paid quarterly & performance based pay will be paid at the end of the yr..
I got stuck here...
1. ESI is calculated for an employee only based on gross salary (ie the gross sal should be more than or equal to 10 K/pm) what if the employee gross is less than 10k but we are paying VP once in a quarter which will be more than 10K??
2. What about the ESI coverage if an employee is covered under insurance which company is providing.
Please help me to take a call on this.
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