Hi, Can anyone tell me..if we pay ex-gratia qrty, half yearly or annualy .. should we deduct esic over it..
From India, New Delhi
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From India, New Delhi
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Dear friend, If the payment of ex-gratia is in lieu of bonus, it is not the part of salary. Accordingly ESI need not be deducted. Abbas.P.S
From India, Bangalore
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530From India, Bangalore
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Dear Sksonukmr5@gmail.com,
ESI contribution is not payable on any additional payment/remuneration paid at an interval exceeding two months. Ex-gratia is an additional payment. There is no legal requirement or obligation on you to pay it, and you are paying it at an interval of more than two months, i.e., quarterly basis, half-yearly basis, or annually. Therefore, no ESI contribution is payable by you.
From India, Mumbai
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ESI contribution is not payable on any additional payment/remuneration paid at an interval exceeding two months. Ex-gratia is an additional payment. There is no legal requirement or obligation on you to pay it, and you are paying it at an interval of more than two months, i.e., quarterly basis, half-yearly basis, or annually. Therefore, no ESI contribution is payable by you.
From India, Mumbai
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ESIC Amdmt Rules 2019.pdf
Rules of ESIC Exceed Wage limit.doc