31 August 2017
What is Government Contribution in ESI which when added up with the Employer Contribution equals 4.75% of the Monthly Wages. Is there any formula to compute such Govt. Contribution.
31 August 2017
There is no Govt Contribution. 4.75% is done entirely by Employer. Refer link for sample calculation https://www.easycalculation.com/finance/learn-esi-calculation.php
31 August 2017
Thank You Sir
But I have got the reply from my friend who explained that in case an employee is disabled then the entire 4.75% employer's share will be borne by Govt. and not the employer and the same will be reflected as Government Contribution in the ESIC Contribution history on the website.
CAclubindia
