Hi,
I working with an IT company, I need to calculate the maternity benefit of an employee who work with us from last 7-8 yrs. Her current salary is approx 50,000.
1. With reference to the information which i get maternity benefit should be calculate as below mentioned :
Average salary per month = ( net salary of last three month before going on leave ) / 3
Average salary per month / 30 X 72 days. = maternity benefit amount for 12 weeks.
As per ESIC the calculation is Average salary per month / 30 X 84 days = maternity benefit amount for 12 weeks.
2. As she getting highest salary so our consultant is saying that - As per Section 5 first provison Payment of Maternity benefit should be as per [B]Minimum Wages Act as applicable to Shop & Establishment Act
Basic + DA+ HRA = ---- /30 X 72 = Maternity Pay
I need to confirm that which calculation is right & also maternity benefit need to calculate for 72 days / 84 days
Kindly need urgent assistance regarding this.
Regards,
Madhavi
I working with an IT company, I need to calculate the maternity benefit of an employee who work with us from last 7-8 yrs. Her current salary is approx 50,000.
1. With reference to the information which i get maternity benefit should be calculate as below mentioned :
Average salary per month = ( net salary of last three month before going on leave ) / 3
Average salary per month / 30 X 72 days. = maternity benefit amount for 12 weeks.
As per ESIC the calculation is Average salary per month / 30 X 84 days = maternity benefit amount for 12 weeks.
2. As she getting highest salary so our consultant is saying that - As per Section 5 first provison Payment of Maternity benefit should be as per [B]Minimum Wages Act as applicable to Shop & Establishment Act
Basic + DA+ HRA = ---- /30 X 72 = Maternity Pay
I need to confirm that which calculation is right & also maternity benefit need to calculate for 72 days / 84 days
Kindly need urgent assistance regarding this.
Regards,
Madhavi