Hello Everyone,
Need a better clarification on ESIC deduction, as ESIC is deducted in gross salary of 21000/- what if the company pays amount in incentive monthly.
Eg- "X" salary details for Nov'16 is Basic- 6500, HRA- 3000, Special All-425, Conveyance-1600,Other allowance- 5474, Incentive-9750 (which is not fixed vary on sales target achieved ).
Kindly advice the ESIC deduction???
And also please clarify is the ESIC amount vary monthly depending on Incentive amount.
Thanks
Need a better clarification on ESIC deduction, as ESIC is deducted in gross salary of 21000/- what if the company pays amount in incentive monthly.
Eg- "X" salary details for Nov'16 is Basic- 6500, HRA- 3000, Special All-425, Conveyance-1600,Other allowance- 5474, Incentive-9750 (which is not fixed vary on sales target achieved ).
Kindly advice the ESIC deduction???
And also please clarify is the ESIC amount vary monthly depending on Incentive amount.
Thanks