esi calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2010
Dear Expert
Please suggest me that under esi calculation if amounts comes like Rs 184.20 paise what amount we should take is it Rs 184/- or Rs 185 /-
As per general round off rule we used to take next rupees only when it is more than 50 paises and used to ignore if it is less than that .
But i come to know that under esi rules if any thing comes in to paises we should take the next higher amount is this right .
Thanks & Regard
Please suggest me that under esi calculation if amounts comes like Rs 184.20 paise what amount we should take is it Rs 184/- or Rs 185 /-
As per general round off rule we used to take next rupees only when it is more than 50 paises and used to ignore if it is less than that .
But i come to know that under esi rules if any thing comes in to paises we should take the next higher amount is this right .
Thanks & Regard
Manoj Garg
(Expert)
27 November 2010
In ESI Calculation amount in decimal is always rounded up to nearest rupee, evenif it is .20 paise.
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