When ESI is deducted from Salary?
Ans:
If your organization is registered under ESIC and your monthly gross salary is less than 21000/month, then you are eligible for the ESIC contribution. Employee side contribution (0.75% of Gross Salary) will be deducted from your earned Salary for the month.
Description:
The rates of the ESI contribution are calculated on the wages paid. Currently, the employee side contribution is 0.75% of wages paid/payable, and the employer contribution is 3.25% of wages paid/payable.