Hello friends, I need your guidance on whether we need to Deduct PF & ESIC on the Incentive.
We are paying incentives for APRIL- MAY & JUNE IN the month of July 10. do we need to deduct PF/ESIC from it?
Regards
Madhura
From India
12We are paying incentives for APRIL- MAY & JUNE IN the month of July 10. do we need to deduct PF/ESIC from it?
Regards
Madhura
From India
Malik sir advice is correct, if you are paying incentive monthly then you need to pay ESI, not PF, but you can pay it quarterly to avoid deduction of ESIC. But this incentive is really incentive and you have to prove to Govt when they asked it practices and procedure. Because in my Company we are paying incentive without policy and procedure, the PF officer threatened us to file case against us. Then we made policy and procedure of the same and mentioned this in our union agreement.
From India, Mumbai
From India, Mumbai
Hi If you are paying incentive or Ex-gratia every month then you have to pay ESI only not PF if you are paying incentive or Ex-gratia quarterly, half yearly or yearly no need to pay ESI. Amit SEI
From India, Gurgaon
From India, Gurgaon
Dear All, I also agree if Incentive is paid monthly then PF & ESIC to be deducted ..... if it is paid in name of Variable and amount varies some time then PF & ESIC is applicable or not.
From India, New Delhi
From India, New Delhi
If salesmen is getting basic salary 9600 pm, da 6820 pm, hra 6568 pm, incentives 5200, reimbursement of conveyance 10511 pm
should we deduct tds from his salary
annually he is geeting
basic = 115200
da = 81840
hra= 78816
incentives= 62400
reimbursement of conveyance = 126132
kindly help me plz
From India, Chandigarh
should we deduct tds from his salary
annually he is geeting
basic = 115200
da = 81840
hra= 78816
incentives= 62400
reimbursement of conveyance = 126132
kindly help me plz
From India, Chandigarh
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