What is the full form of ESIC ?whatproportion of
PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decucted from
salary?
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Answer Posted / aravindan s
The abbreviation ESIC stands for "Employee's State Insurance
Scheme".
check this link for more
information:http://esic.nic.in/citizen_charter.htm
The deduction in salary against various heads are as given
below:
PF: 12% of Basic+DA (Employee Share)
12% of Basic+DA (Employer Share)
ESIC : 1.75% of Gross Salary (Employee Share)
4.75% of Gross Salary (Employer Share)
EDLI : 0.5%
| Is This Answer Correct ? | 54 Yes | 20 No |
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