I have a monthly salary of 12000 and in my payslip there are two deductions one is labelled as ESIC contribution and that is of Rs. 544 and one is esic deduction and it is of Rs. 201 .I consider that as an employee i am entitled to pay only 1.75 % of my salary i.e , Rs. 210 and nothing else to ESIC ,i also think that 4.75 % is to be paid by my employer and not me and also that they are taking their part of share from me .Please guide me in this regard and tell me if i am wrong on my behalf.
From India, New Delhi
From India, New Delhi
Hello!!
It would be easy for others to understand the same if you can attach your salary slip & annexure of appointment mentioning CTC offered to you.
Your understanding about the contribution is correct i.e. 1.75% is employee contribution & 4.75% is employer contribution & ONLY employee contribution is deducted from Gross Salary in Salary Slip but if your company is deducting 4.75% too then there has to be something attached to it.
Again, the figures you've mentioned do not collide with the actual amount if your gross happens to be 12k. Good if you can enclose the copy of payslip.
From India, Ahmedabad
204It would be easy for others to understand the same if you can attach your salary slip & annexure of appointment mentioning CTC offered to you.
Your understanding about the contribution is correct i.e. 1.75% is employee contribution & 4.75% is employer contribution & ONLY employee contribution is deducted from Gross Salary in Salary Slip but if your company is deducting 4.75% too then there has to be something attached to it.
Again, the figures you've mentioned do not collide with the actual amount if your gross happens to be 12k. Good if you can enclose the copy of payslip.
From India, Ahmedabad
Hi Shiva,
You are right. As per ESIC, Employee contribution is 1.75% of basic which will be deducted from your CTC. and employer contribution is 4.75% which should not be deducted from your CTC.
Thanks & Regards,
Srilakshmi Korukonda
From India, Hyderabad
You are right. As per ESIC, Employee contribution is 1.75% of basic which will be deducted from your CTC. and employer contribution is 4.75% which should not be deducted from your CTC.
Thanks & Regards,
Srilakshmi Korukonda
From India, Hyderabad
Hi Shiva,
You are right. As per ESIC, Employee contribution is 1.75% of gross which will be deducted from your CTC. and employer contribution is 4.75% which should not be deducted from your CTC. It should be paid separately by the employer.
Thanks & Regards,
Srilakshmi Korukonda
From India, Hyderabad
You are right. As per ESIC, Employee contribution is 1.75% of gross which will be deducted from your CTC. and employer contribution is 4.75% which should not be deducted from your CTC. It should be paid separately by the employer.
Thanks & Regards,
Srilakshmi Korukonda
From India, Hyderabad
Hi Shiva,
It seems that there is something wrong with the bifercation and contributions stated by you .You are right that esic is 1.75% but kindly checkout with your hr dept for more clarification and also go thru your offer /appointment letter properly.
Hope your querry will be resolved at your hr dept itself.
Thanks.
Bijay
From India, Vadodara
It seems that there is something wrong with the bifercation and contributions stated by you .You are right that esic is 1.75% but kindly checkout with your hr dept for more clarification and also go thru your offer /appointment letter properly.
Hope your querry will be resolved at your hr dept itself.
Thanks.
Bijay
From India, Vadodara
Is it the CTC which is offered to monthly? i think its ctc structure, where employer shows the total cost of the employee to the company, so often we see PF n ESI contribution from both sides in one pay structure. There's nothing faulty in that. But if its gross salary, then u must talk to your HR dept., because from your gross salary only employee contribution should be deducted not employers ....
From India, Calcutta
From India, Calcutta
You are right. As per ESIC, Employee contribution is 1.75% which will be deducted from your Gross. and employer contribution is 4.75% which should not be deducted from your salary,which has to be contributed from Employer end.
From United States, Troy
From United States, Troy
IT IS DEPAND ON YOUR CTC STRACTURE. ASK YOUR EMPLOYER TO PAY YOU THE AMOUNT FIXED AS TAKE HOME SALARY AT THE TIME OF APPOINTMENT.
From India, Delhi
From India, Delhi
1.75 % is employee contribution deductible from gross salary & 4.75% is the employer contribution. Although this 4.75% is not deductible from the salary of the employee but definitely it contributes to "COST TO COMPANY". As such this needs to be properly understood in terms of the offer of appointment.
From India, Delhi
From India, Delhi
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