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What is the full form of ESIC ?whatproportion of
PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decucted from
salary?

Answers were Sorted based on User's Feedback



What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / usha sharma

ull form of ESIC is Employee State Insurance Corporation.
percentage of conatribution is as below:-
(a) PF - 12% of Basic +DA+VDA from employee and 13.61% from
employer i.e. 8.88% in a/c No 10, 3.67% in a/c No 1, 1.1%
in a/c No 2, .5% in a/c No 21 and 0.01% in a/c No 22
(b) 1.75% of Gross salary from employer and 4.75% from
employees.
(c) EDLI - 0.5% as deducted with EPF as a/c No 21
deducation.
(d) Minimum 8.33% or Maximum 20%
(e)Gratuity is applicabale after 5 year service and
calculate the same as per formula,
Gratuity - Present salary(Basic +DA+VDA)*15*No of year
served/26

Is This Answer Correct ?    2 Yes 0 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / sunil kumar sahoo

i don't no what is the full form of esic? plz kindly tell
me what is esic.

Is This Answer Correct ?    6 Yes 6 No

What is the full form of ESIC ?whatproportion of PF,ESIC,EDLi,TDS,BONUS,GRATUITY etc are been decuc..

Answer / devanagouda

employees state insurence scheme.

Is This Answer Correct ?    0 Yes 0 No

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