ESIC Calculation Confusion: Is It Based on Fixed or Earned Monthly Salary?

Rajiv - 2014
Dear Members, I have a query regarding ESIC calculation. I just need to know whether ESIC is calculated based on Monthly Fixed Salary or Monthly Earned Salary.
Harsh Kumar Mehta
The term "wages" has been defined under section 2(22) of the ESI Act, 1948. The term includes all remunerations "paid or payable" except those specifically excluded from the definition.

I hope you will examine the issue with the help of a number of honorable court judgments. If you have any specific issues, you may raise them by indicating specific amounts of earnings of the employee.

Regards
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute