Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Seniors, Our company is paying statutory bonus 8.33% on monthly basis along with salary for contract staff. is there any legal complication by paying on monthly basis and is this right method to pay because ESIC deducting on total salary from employee salary.
Basic 12140
DA 878
Con 656
Other all 2000
Bonus 1084
Gross 16758
att bonus 1000
Incentive 4000
total earned 21758
Kindly suggest me for which amount esic should be deduct bec every month there are changes in paying incentive and attendance bonus.
Kindly suggest me.

The matter was discussed in length in another thread.Please follow the link.

Please Login To Add Reply

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™