From India, Mumbai
From India, Mumbai
Bonus paid to the employees could not be treated as wage for the purpose of charging of contribution under Sec.2(22), provided the periodicity of the payment is more than 2 months. The said issue was also considered in the meeting of the ESI Corporation held on 19.12.1968 and the Corporation agreed to the recommendations of the Standing Committee that bonus may not be treated as wage.Hence no contribution is payable on annual Bonus.
https://www.esic.nic.in/wages
From India, Pune