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What is the ESIC amount that should be deducted on statutory bonus?
Statutory Bonus will not considered "Wages" under ESI Act and hence you would not need to deduct ESIC contribution.
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
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
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ESIC Pune_ Letter to All Employers.pdf
Statutory Compliance of a Industrial or Commercial Unit.xls
