If we pay a bonus every month then do we have to pay ESIC contribution on that?
From India, Nashik
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From India, Nashik
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Hi, bonus paid to employees could not be treated as a wage for the purpose of charging contributions under Sec. 2(22), "provided the periodicity of the payment is more than 2 months." This means if it is paid on a quarterly or half-yearly basis, then there is no need for ESI contribution. No ESI contribution is payable on an annual bonus.
From India, Madras
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1015From India, Madras
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Amendment to Payment of Bonus Act 2015.jpg
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