ESI Calculation!!

This query is : Resolved 

02 June 2010 1)For making employers contribution to ESI to its employees what are the components of wages to be considered ?
2)If the employees wages exceeds Rs.10000 per month then the company need not pay ESI @ 4.5% of the wages to such employees?
Experts guidance will be highly appreciated!!

03 June 2010 1Ans)Gross Salary(Basic+DA+Conveyance allowance+CCA+HRA etc)
-Employees contribution is 1.75%; Employer contribution is 4.75%

2 Ans) From the month of May 2010 onwards the Employees whose Gross salary is upto Rs.15000/- is covered under ESI

03 June 2010 AGREE WITH GEMIN JI,
REGARDS,
RAMESH VERMA


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