Management Entrance Exams Question: Download Questions PDF
What is the full form of ESIC? what proportion of
PF, ESIC, EDLi, TDS, BONUS, GRATUITY etc are been deducted from salary?
Answer:
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%
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%
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