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Calculation of esic contribution

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28 April 2012 Dear sir,

I am working in a residential hotel in Jamshedpur.I want to know about the calculation of esi contribution of the employee.
Is it calculated on BASIC+DA+O.T.?

Suppose that my basic + da =6000.00 and o.t.amount is 2516.00 for the month of March 2012.The esi contribution calculation should be calculated on which amount 6000.00 or sum of BASIC + DA +O.T. i.e. 8516.00.

Please give me the true knowledge.

28 April 2012 ESIC is calculated on gross salary (=monthly salary paid).
Calculate ESIC if salary <= Rs. 15000 pm
(pls. check the slab of 15k)

28 April 2012 Basic+DA+OT are to be considered for ESIC workings.




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