Please let me know whether there is liability to pay ESI & PF on the Bonus & Ex gratia. ?
Regards
CA Amit Goyal
CA Amit Goyal (PARTNER) (71 Points)
20 July 2009Please let me know whether there is liability to pay ESI & PF on the Bonus & Ex gratia. ?
Regards
CA Amit Goyal
Vishal
(HR)
(22 Points)
Replied 25 September 2009
Hello..... Mr. Amit
ESI & PF can not be calculated on Bonus & Ex gratia
As PF is calculated only on Basic & DA &
the ESI is calculated on the monthly gross. (bonus is an statutory payment which is paid annualy)
Regards
Vishal
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
