Esi Deduction On Incentive
Advance Search Feature
Available Downloads - Page 1
Search Result For "Esi Deduction On Incentive" - Page 1
Hi Team,ESIC has some conditions on incentives: if we pay quarterly, then there is no need to deduct the ESI. However, if we are paying every month with salary or without salary, then we need to deduct the ESIC as per labor norms.Thanks,Mukesh BhargavaLead HRCMS...
Dear all,Whether ESI is deducted on incentives or not, there is a little bit of confusion.Regards,Rajnish Sapra
Hello Everyone,If incentives are going with every payout, then we have to dedicate ESI on incentives. If we are paying incentives every 90 days, then there is no need to deduct.Thanks,Mukesh BhargavaAsst. Manager HR8290000666
Dear Mr. Rajnish,As per my knowledge, ESI will be deducted on gross salary only, not on incentives. Incentives are separate from salary.Regards,Sri
Yes, I agree with Mr. Sudhakar. If it is within Rs. 15,000/-.Thanks
Yes, when it is paid regularly on a monthly basis, it will attract ESI.Regards,R. Sudhakar
Hi all,I need your guidance. If incentives are being paid on a monthly basis, should they be considered for ESI deduction or not?
Hi,If incentives are paid on a monthly basis, then ESI should be calculated for the incentives as well.However, if the incentives are paid quarterly, half-yearly, or annually, then they will not come under the purview of ESI.According to the decision of the Supr...
ESI Applicability on Quarterly Payment of Incentive BonusQuery 1: The employer has started a production-linked incentive scheme where employees can receive per-piece incentives after surpassing the target. The employer mentioned that employees would be paid ince...
Final query: Is ESI applicable on part payment of incentive bonus? Part payment occurs every two months, and the incentive bonus is due after the third month.