If in my company there are some employees whose salary limit crosses 21000 after including production incentive and overtime . Now is that employee covered under esi or not
From India, Amritsar
From India, Amritsar
Hi,
It depends on the frequency of production incentive whether it is paid on monthly basis or on quarterly basis. In general annual bonus , incentive paid on every 3 or 6 months should not attract ESI. However if the frequency of such payment is on monthly basis then it will attract ESI.
From India, Madras
942It depends on the frequency of production incentive whether it is paid on monthly basis or on quarterly basis. In general annual bonus , incentive paid on every 3 or 6 months should not attract ESI. However if the frequency of such payment is on monthly basis then it will attract ESI.
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
ESI contribution rates lowering.pdf