What is means by ESI ? How to calculate ESI ? ESI challan or
form No. ?

Answer Posted / 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



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