Dear Seniors,
Our company is paying a statutory bonus of 8.33% on a monthly basis along with the salary for contract staff. Is there any legal complication in paying on a monthly basis, and is this the right method to pay, considering that ESIC deducts from the total salary of the employee?
- Basic: 12140
- DA: 878
- Con: 656
- Other allowances: 2000
- Bonus: 1084
- Gross: 16758
- Attendance bonus: 1000
- Incentive: 4000
- Total earned: 21758
Kindly suggest to me for which amount ESIC should deduct because every month there are changes in paying incentives and attendance bonuses.
Kindly suggest to me.
From India, Bangalore
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Our company is paying a statutory bonus of 8.33% on a monthly basis along with the salary for contract staff. Is there any legal complication in paying on a monthly basis, and is this the right method to pay, considering that ESIC deducts from the total salary of the employee?
- Basic: 12140
- DA: 878
- Con: 656
- Other allowances: 2000
- Bonus: 1084
- Gross: 16758
- Attendance bonus: 1000
- Incentive: 4000
- Total earned: 21758
Kindly suggest to me for which amount ESIC should deduct because every month there are changes in paying incentives and attendance bonuses.
Kindly suggest to me.
From India, Bangalore
Acknowledge(0)Amend(0)
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