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waghamare_rajesh
What is the ESIC amount that should be deducted on statutory bonus?
From India, Mumbai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Nathrao
Insolvency N Gst Professional

Shailesh Parikh_HR Pro
300

Statutory Bonus will not considered "Wages" under ESI Act and hence you would not need to deduct ESIC contribution.
From India, Mumbai
nathrao
3131

Annual Bonus
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
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