| Employee (X%) | ₹ 0.00 |
|---|---|
| Employer (Y%) | ₹ 0.00 |
| Total | ₹ 0.00 |
| Employee () | ₹ 0.00 |
|---|---|
| Employer () | ₹ 0.00 |
| Total | ₹ 0.00 |
See how this online ESI calculator works - just watch this quickly. In this video, we provided step-by-step guidance that helps you better understand and easily use it to calculate total contribution. So Come and Let’s Take A Look at our Demo Video..
We are presenting our ESI Calculator, a user-friendly tool designed to simplify the calculation of Employee State Insurance (ESI) contributions for employees and employers. Understanding and calculating ESI contributions can often be complex and time-consuming, but our ESI Calculator aims to make this process quick, easy, and accurate.
Employee State Insurance (ESI) is a vital social security and health insurance program designed to support workers in India. The administration of this program is overseen by the Employees' State Insurance Corporation (ESIC), an established statutory entity formed by the ESI Act of 1948. The ESI Calculation is determined by the employee's gross salary (including basic pay, H.R.A., D.A., T.A., Overtime pay, Annual Bonus, Production Incentive, and other special allowances). The formula for computing the total ESI contribution is:
Total Contribution = (Gross Salary * Employee Contribution Rate) + (Gross Salary * Employer Contribution Rate)
For instance, if an employee's gross salary is ₹11,000, the ESI contribution is calculated as follows:
{Total Contribution} = (₹11,000 * 0.75%) + (₹11,000 * 3.25%)
{Total Contribution} = ₹82.50 + ₹357.50
{Total Contribution} = ₹440.00
This method ensures that the employee's and employer's contributions are accounted for in the total ESI contribution.
Using our ESI Calculator, you can easily determine your ESI contributions and ensure you are always on top of your financial and legal obligations.
Rate our ESI Calculator and please share your thoughts through the comments. Our initiative creations are designed to streamline the payroll process and give a great user experience to HR or employers.
