Dear Sir/Madam Please clarify whether PF will be deducted from the bonus if paid on a monthly basis by the vendor. Regards Gaurav
From India, Mumbai
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6From India, Mumbai
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Hi,
No need to consider a monthly bonus for PF contribution. However, ESI will be applicable for a monthly bonus, and payment mode is on a monthly basis.
If the bonus is paid on a quarterly basis, ESI will not be applicable.
From India, Madras
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No need to consider a monthly bonus for PF contribution. However, ESI will be applicable for a monthly bonus, and payment mode is on a monthly basis.
If the bonus is paid on a quarterly basis, ESI will not be applicable.
From India, Madras
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As per the Apex court verdict, any payments made on a regular basis other than House Rent Allowance (HRA) (as per the definition of Basic) and production/productivity-related payments (bonus/incentive) will fall under the purview of Provident Fund (PF) and Employee State Insurance Corporation (ESIC).
S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions +91 98310 81531 skb@usdhrs.in www.usdhrs.in
From India, New Delhi
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S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions +91 98310 81531 skb@usdhrs.in www.usdhrs.in
From India, New Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
PF & ESI.zip
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