Hello Seniors,
Is the ESIC employee’s contribution rate of 1.75% is applicable on the regular gross salary(basic+hra+conveynce+etc.) or its also applicable to any kind of bonus received? By bonus I mean to say half yearly or annual bonus if I am receiving, then on that particular month will the contribution be calculated on the total amount or just the regular salary part?
This jan I received annual bonus of Rs 25000, and to my surprise they have calculated and deducted the ESIC contribution on the regular salary + bonus!!
Thnks for ur valuable inputs!!!!
Shom
Is the ESIC employee’s contribution rate of 1.75% is applicable on the regular gross salary(basic+hra+conveynce+etc.) or its also applicable to any kind of bonus received? By bonus I mean to say half yearly or annual bonus if I am receiving, then on that particular month will the contribution be calculated on the total amount or just the regular salary part?
This jan I received annual bonus of Rs 25000, and to my surprise they have calculated and deducted the ESIC contribution on the regular salary + bonus!!
Thnks for ur valuable inputs!!!!
Shom