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.
Use thank button to convey your appreciation.
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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
