Dear Senior,
I have learned that incentives do not fall under ESI coverage. My company distributes incentives at the end of every month and deducts ESI from them. Is this a correct practice? Please advise me.
From India, Calicut
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10I have learned that incentives do not fall under ESI coverage. My company distributes incentives at the end of every month and deducts ESI from them. Is this a correct practice? Please advise me.
From India, Calicut
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Any incentive shown in payslip in every month are covered for ESI deductions.
(22) “wages” means all remuneration paid or payable in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes 22[any payment to an employee in respect of any period of authorised leave, lock-out, strike which is not illegal or lay-off and] other additional remuneration, if any, 23[paid at intervals not exceeding two months
From India, Pune
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(22) “wages” means all remuneration paid or payable in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes 22[any payment to an employee in respect of any period of authorised leave, lock-out, strike which is not illegal or lay-off and] other additional remuneration, if any, 23[paid at intervals not exceeding two months
From India, Pune
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Dear Senior our company giving salary through bank and paying incentives in cash, in pay in slip we are showing only salary
From India, Calicut
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From India, Calicut
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Its right to deduct ESI from performance incentive (Its generally over time but company unwilling to call it over time).
From India
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From India
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Employee Benefits.doc
Employee Benefits.zip