Delivered ESI Deductions

PeopleSoft delivers the following deductions to process ESI:

Name/Description	Unit	Rate	Base	%	Amount
ESI Employee State Insurance (gc)	NA	NA	ESI GROSS WAGES	ESI VR PYE PCT	NA
ESI ER Employee State Insurance Employer Contribution (gc)	NA	NA	ESI GROSS WAGES	ESI VR ER PCT	NA

Name/Description

Unit

Rate

Base

Amount

ESI

Employee State Insurance (gc)

ESI GROSS WAGES

ESI VR PYE PCT

ESI ER

Employee State Insurance Employer Contribution (gc)

ESI GROSS WAGES

ESI VR ER PCT

In this table, the first column combines the name and description of the delivered deductions. A (gc) in the row indicates that the deduction has an associated generation control element. A (po) indicates a post-processing formula, and (pr) indicates a preprocessing formula. The other four columns indicate the deductions calculation rule (Amount, Base × %, and so on).

These deductions may need to be modified to meet particular business requirements:

ESI

The ESI deduction has a calculation rule of base multiplied by percentage and is used to calculate the employee's contribution to ESI; the base is the accumulator ESI GROSS WAGES and the percentage is determined by the numeric variable ESI VR PYE PCT. The generation control element ESI GC ENROLL determines when the system processes this deduction. The deduction is made during the contribution period. If any employee crosses the limit (od Rs.7,500/-) during the contribution period, he continues to pay for the whole period.
ESI ER

The ESI ER deduction has a calculation rule of base multiplied by percentage and is used to calculate the employer's contribution to ESI; the base is the accumulator ESI GROSS WAGES and the percentage is determined by the numeric variable ESI VR ER PCT. The generation control element ESI GC ENROLL determines when the system processes this deduction.