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.
From India, Bangalore
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.
From India, Bangalore
The matter was discussed in length in another thread.Please follow the link.
https://www.citehr.com/340787-per-se...us-8-33-a.html
From India, Kannur
4193https://www.citehr.com/340787-per-se...us-8-33-a.html
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf