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.

@VaibhavJ

@VaibhavJ (Expert)
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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
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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)

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@VaibhavJ

@VaibhavJ (Expert)
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08 December 2012 No..Not to be included for calculation of gross salary

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