Dear Rajnish,
As per my opinion, if the incentive is being paid on monthly asis than ESI would be deducted. If the incentive is being paid after every two months, than no ESI amount will be deducted on incentive amount.
For further clarification please check the officicial web site of ESI department www.esic.nic.in
Thanks & regards,
Jony_M
Hi Friends,
According to me Incentive will be added to your ESI deduction. As mentioned by our friend Jony Incentive is a part of your final salary and whether you get it or not will depend on your performance. So whether you incentive every month or once in a month ESI deduction will include incentive also. I hope this is of some use for you. Try to visit to ESI website given by Jony.
Regards
Amith R.
Hello Everyone,
if Incentive is going with every payout then we have to dedicated esi on incentives. if we are paying incentive on every 90 days then no need to deduct.
Thanks
Mukesh Bhargava
Asst Manager HR
8290000666
Hi Team,
ESIC have some condition on incentive if we paid quarterly then no need to deducted the ESI of we are paying every month with salary or without salary then we need to deducted the ESIC as per labour norms
Thanks
Mukesh Bhargava
Lead HR
CMS Info Systems Ltd.
8875151962
Hai Mukesh Bhargava,
Can you share the relevant Circular / notification on quarterly incentive, which does not form part of ESI calculation please...
Kind,
C.Renuka
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