Esic computation
AJAY KUMAR
(Querist) 17 November 2010
This query is : Open
Hello,
Pls help me out for this question
The gross salary of an employee is 11,900 and ESIC is applicable @1.75 on this = 209.
In the month of OCT 10, he got Rs.4000 more (1000 for examination fees of NCFM as reimbursment and 3000 as cash reward for passing NFCM Examination) so the total gross salary became Rs.15900 and company has deducted Rs. 279 on 15900 @ 1.75.
So my questions are
1. Is reimbursment and cash reward coming under ESI deduction?
2. If deductable then should limited to Rs. 15000 only because max for ESIC dedution is 15000.
Pls help me for this issue both questions are important waitin egarly for ur reply
