Any one have esi idea ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2012
My Question is:-
ESI is to be Calculated on Gross Salary.
What Gross Salary Means ?
Is This Include Total CTC (Because CTC Include Employer Contribution of ESI), so we ned to make Back Calculation.
ESI is to be Calculated on Gross Salary.
What Gross Salary Means ?
Is This Include Total CTC (Because CTC Include Employer Contribution of ESI), so we ned to make Back Calculation.
08 December 2012
Hi
For ESI Gross Salary Means Basic + All allowances which company pays on regular basis to all employees.
Thus It is sum of all components paid to employees also it includes variable pay components like incentive & performance bonus paid on monthly basis.
Gross Salary does not include Statutory Bonus, Leave Encashment, Gratuity and all other allowances which is paid quarterly.
Thanks//Vaibhav
Revert for more clarity.
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For ESI Gross Salary Means Basic + All allowances which company pays on regular basis to all employees.
Thus It is sum of all components paid to employees also it includes variable pay components like incentive & performance bonus paid on monthly basis.
Gross Salary does not include Statutory Bonus, Leave Encashment, Gratuity and all other allowances which is paid quarterly.
Thanks//Vaibhav
Revert for more clarity.
Use thank button to convey your appreciation.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2012
I Asked Whether ESI Contribution by Employer also to be Included in ESI Calculation for gross salary(so back calculation required)
08 December 2012
No..Not to be included for calculation of gross salary
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