What is means by ESI ? How to calculate ESI ? ESI challan or
form No. ?
Answers were Sorted based on User's Feedback
Answer / viswanatha
esi means employees state insurance
1. All employees on a gross salary of Rs.10000/- or less are covered under the ESI Scheme.
2. The Employer's share of contribution is 4.75% of Gross salary and Employee's share is 1.75% of the Gross Salary.
This is the formula for ESI deduction.
| Is This Answer Correct ? | 301 Yes | 62 No |
Answer / bhavani bv
ESI mean Employees state insurance it can be used for your
medical treatment .
This facility is available only to the employee who is
drawing salary at 10000/- Rupees. if gross salary is more
then 10000/- he is not eligible for ESI.
Rate used is
Employees contribution 1.75%
Employers contribution 4.75%
Challan used is combined challan number 1,2,10,21&22
| Is This Answer Correct ? | 128 Yes | 37 No |
Answer / rajkumar jankar
Meaing of ESI : Employees State Insurance
1. All employees on a gross salary of Rs.15000/- ( 2010-11 )
or less are covered under the ESI Scheme.
2. The Employer's share of contribution is 4.75% of Gross
salary and Employee's share is 1.75% of the Gross Salary.
This is the formula for ESI deduction.
Challan No. 5, 10 & 12
| Is This Answer Correct ? | 97 Yes | 26 No |
Answer / pradeepkumar
EMPLOYEE STATE INSURANCE
15000 OR LESS THAN 15000 COVER UNDER ESI.
CALUCULATION: EMPLOYEES-1.75 & EMPLOYEER'S-4.75
| Is This Answer Correct ? | 46 Yes | 5 No |
Answer / krthik
ESI MEANS EMPPLOYEE STATE INSURANCE POLICY. IT CAN BE USED
E.EE MEDICAL TREATMENT.
HOW GETTING LESS THAN 10,000. IT IS APPLICABLE
| Is This Answer Correct ? | 37 Yes | 20 No |
Answer / thulasi ram m r
ESI means :Employee state insurance
ALL EMPLOYEES ON A GROSS SALARY OF 15,000 OR LESS ARE COVERED UNDER THE ESI .
a)The employers share of contrubution is 4.75%of Gross salary and employees 1.75%OF The gross salary.
| Is This Answer Correct ? | 17 Yes | 2 No |
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