What is the applicability of Wage Definition under Social Security Code to ESI Contributions?

Dear Sirs, What is the applicability of Wage Definition under Social Security Code to ESI Contributions?
As per the Social Security Code, Wages would be 50% only of total employee compensation. Kindly explain pls.
22nd October 2020 From India, Nizamabad

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What is the applicability of Wage Definition under Social Security Code to ESI Contributions?

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