ESI Question

Dear all;
q.1 out of following what can we include in ESI contribution calculation
1.Bonus
2.Arrear
3.Overtime
q 2. If after Increment salary exceed 15000/- does the employer have to pay his contribution till the end of contribution period or he will come out of it?
q3. Can the same company where ESI exist WC policy can be adopted.What is relation between two?
Pls reply

point 1 we will include only arrear and overtime. bonus will be exclusive.
2. ESIC contribution will be contribute end of ESI contribution period.
3 what is WC?

1. Bonus and arrears of salary paid will not attract ESI but overtime wages will attract ESI contribution.
2. In respect of employees whose wages exceed Rs 15000 (or such higher limit the Corporation may prescribe in future) during the contribution period, contribution should be p[aid till the end of the contribution period.
3. Workmen's Compensation Policy is a policy taken to cover risks of death or disabilities incurred during the course of employment. In respect of employees covered under ESI, this risk will be borne by the ESI Corporation and therefore, in respect of employees covered by ESI the employer need not take separate policy covering such risks but can limit it to those who are not covered by ESI.
Madhu.T.K