Need your comments as per the statutory norms for the below mentioned:
For employees with monthly basic wage above 6.5K the PF contribution is 780: In case of absenteeism if the monthly basic falls down upto 6.5K the PF contribution is calculated on pro-rata basis in which case the PF contribution is less than 780.
For employees with monthly gross above 15K: In case of absenteeism even if the monthly gross reduces below 15K they will not be covered under ESIC.
Whether the variable incentive will be a part of ESIC eligibility and calculation.
Please clarify!
Best
George
For employees with monthly basic wage above 6.5K the PF contribution is 780: In case of absenteeism if the monthly basic falls down upto 6.5K the PF contribution is calculated on pro-rata basis in which case the PF contribution is less than 780.
For employees with monthly gross above 15K: In case of absenteeism even if the monthly gross reduces below 15K they will not be covered under ESIC.
Whether the variable incentive will be a part of ESIC eligibility and calculation.
Please clarify!
Best
George