With the new rules for ESIC that have come into effect since July 2019 by the Government,please refer the link below for the same.

Link: https://taxguru.in/corporate-law/esic-rates-w-e-f-01-07-2019.html

Step 1: Since the advent of those new rules we have updated the same in the Uknowva plugin.

To update ESIC plugin please follow below steps.

Link: How to Install/Upgrade ESIC plugin from extension store in uknowva ? https://docs.uknowva.com/extending-uknowva/install-from-extension-store

Step 2: To configure the plugin, please refer the below steps.

Go to uknowva configuration  

 Step 3 : In left-hand side menu click on plugin -> search for "ESIC Calculator" and click on it.

Step 4: - In configuration you will find "Calculate PF on total of" field. Add salary component name as per attach screenshot.

- In configuration you will find "Maximum Threshold" : Enter the maximum amount on which ESIC will be applicable, if the salary is above this amount, ESIC will not be applicable

- In configuration you will find "Employee Contribution (%)" : Enter the employee's contribution towards ESIC in percentage

- In configuration you will find "Employer Contribution (%)" : Enter the employer's contribution towards ESIC in percentagex

Step 5: Click on save button.

Hope this helps! For any further queries please contact us. Thank You.