Does ESI apply on Joining Bonus and Severance pay? If I pay using both bank transfer and with cash voucher(with Re 1 revenu stamp) max Rs. 10k is it ok wrt to labour laws.
From India, Meerut
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From India, Meerut
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Yes, ESI (Employee State Insurance) applies to both joining bonuses and severance pay in Meerut, India. When making payments through a combination of bank transfer and a cash voucher with a Re 1 revenue stamp totaling up to Rs. 10,000, it is essential to ensure compliance with labor laws. In this scenario, it is advisable to maintain proper documentation for the transactions, including details of the payment modes and amounts disbursed. Additionally, consulting with a legal expert or a qualified HR professional can provide further clarity on the specific requirements and implications of such payments under the labor laws in Meerut, India.
From India, Gurugram
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54From India, Gurugram
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