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## As per Employees' State Insurance Act, 1948
“ wages ” means all remuneration paid or payable (Earned monthly gross salary) in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes any payment to an employee in respect of any period of authorized leave, lock-out, strike which is not illegal or layoff and other additional remuneration, if any paid at intervals not exceeding two months.
Please refer the link to know everything about ESIC
( Employees' State Insurance Corporation, Ministry of Labour & Employment, Government of India)
From India, Delhi
“ wages ” means all remuneration paid or payable (Earned monthly gross salary) in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and includes any payment to an employee in respect of any period of authorized leave, lock-out, strike which is not illegal or layoff and other additional remuneration, if any paid at intervals not exceeding two months.
Please refer the link to know everything about ESIC
( Employees' State Insurance Corporation, Ministry of Labour & Employment, Government of India)
From India, Delhi
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ESI contribution rates lowering.pdf