Hi,
Bonus paid to the employees could not be treated as wage for the purpose of charging of contribution under Sec.2(22), " provided the periodicity of the payment is more than 2 months." Which means if it is paid on quarterly / half yearly basis then no need for ESI contribution.
No ESI contribution is payable on annual Bonus
From India, Madras
919Bonus paid to the employees could not be treated as wage for the purpose of charging of contribution under Sec.2(22), " provided the periodicity of the payment is more than 2 months." Which means if it is paid on quarterly / half yearly basis then no need for ESI contribution.
No ESI contribution is payable on annual Bonus
From India, Madras
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