A tweet from ANI tells us that the ESI contribution rates have been reduced from 6.5% to 4%. The new employee share will be 0. 75% and the new employer's share will be 3.25%. However, we have not received any official confirmation yet, stay tuned for more updates. Cheers for this ESIC news, and the new ESI contribution rates. Open Demat a/c with this link, get 7 investing courses FREE of cost: https://zerodha.com/open-account?c=ZM... --------------------------------------------------------------
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A tweet from ANI tells us that the ESI contribution rates have been r…
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💼 Excel Tip: Calculate ESI for Salaries! If you need to calculate Employee State Insurance (ESI) for salaries in Excel, here's an easy formula: 🔹 If the salary is above ₹21,000, the ESI amount is zero. 🔹 If the salary is ₹21,000 or below, calculate 0.75% of the salary. Use this formula in Excel to simplify your calculations: =IF(A1 < 21000, 0, A1 * 0.0075) Replace A1 with the cell containing the salary to calculate the ESI amount. 💡 Share this tip with your friends and colleagues who handle
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