19 March 2012
4.75% should be Employers Contribution to ESI and 1.75% should be the Employees Contribution to ESI. In case the Gross Salary is below Rs.15000/-per month. If the Gross Salary is above Rs. 15000/- then no need to deduct ESI
I know the rate of the contribution but here is my query is this is applicable in software industry or not reason being this is not clear in act for factory meaning in respect of software company.