ESI Full Details.. | CiteOps
bistdevi Started The Discussion:
Hi frnds, Will u provide me the full details of ESI. Its very urgent...:confused: Regards Devi Bisht
Hi devi, For ESI contribution employees (1.75%) and employers(4.75%) from Earned gross, it included OT & NSA other earning for salary. Regards, Karthik
Dear Devi Regarding Esi what kind of information you need. Either contribution details or general details Regards Venkat
Dear All,
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.

Roopashree S


Found This Useful? +Vote Up This 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.

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network