Inquiry About ESI Coverage on Incentives
I have learned that incentives do not fall under ESI coverage. My company distributes incentives at the end of every month and deducts ESI from them. Is this a correct practice? Please advise me.
Regards
From India, Calicut
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10I have learned that incentives do not fall under ESI coverage. My company distributes incentives at the end of every month and deducts ESI from them. Is this a correct practice? Please advise me.
Regards
From India, Calicut
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Any incentive shown in the payslip every month is covered for ESI deductions.
(22) “wages” means all remuneration paid or payable in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes 22 [any payment to an employee in respect of any period of authorized leave, lock-out, strike which is not illegal or lay-off and] other additional remuneration, if any, paid at intervals not exceeding two months.
From India, Pune
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(22) “wages” means all remuneration paid or payable in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes 22 [any payment to an employee in respect of any period of authorized leave, lock-out, strike which is not illegal or lay-off and] other additional remuneration, if any, paid at intervals not exceeding two months.
From India, Pune
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Dear Senior our company giving salary through bank and paying incentives in cash, in pay in slip we are showing only salary
From India, Calicut
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From India, Calicut
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Its right to deduct ESI from performance incentive (Its generally over time but company unwilling to call it over time).
From India
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From India
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