20 November 2008
It is to be noted that employees drawing salary or wage exceeding Rs. 10000.00 per month are not entitled to get any bonus under the Act. (w.e.f. 1 April 2006)
20 November 2008
Components of Bonus Salary or wages includes dearness allowance but no other allowances e.g. overtime, house rent, incentive or commission. {Section 2(21)}
20 November 2008
To be deemed as wages for ESIC : Basic pay Dearness Allowance House Rent Allowance City Compensatory Allowance Overtime Wages (but not to be taken into account for determining the coverage of employee) Payment for day of rest Production Incentive Bonus other than statutory bonus Night shift Allowance Heat, Gas & Dust Allowance Payment for unsubstituted holidays Meal / Food Allowance Suspension Allowance Lay off Allowance Children Education Allowance (not being reimbursement for actual tuition fees
20 November 2008
Not to be deemed as Wages for ESIC :
Contribution paid by the employer to any pension / provident of under ESI Act. Sum paid to defray special expenses entailed by the nature of employment – Daily allowance paid for the period spent on tour. Gratuity payable on discharge Pay in lieu of notice of retrenchment compensation Benefits paid under the ESI Scheme Encashment of leave Payment of Inam which does not form part of the term of employment Washing Allowances for livery Conveyance amount towards reimbursement for duty related journey
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