Esic and epf
This query is : Resolved
Ramavtar Yadav
(Querist)
24 August 2011
Is ESIC applicable on sales incentive?
U S Sharma
(Expert)
24 August 2011
sales incentive paid to employee is part of salary, and to be treated accordingly for esic
Guest
Guest
(Expert)
24 August 2011
yes incentive has to be accounted for
CA. Anoop Gadia
(Expert)
24 August 2011
yes it is accounted for this purpose.
CMA Ramesh Krishnan
(Expert)
24 August 2011
Sales incentive not forming part of gross salary. incentive based on other terms. it will be salary as per Income tax act. but ESIC applicable only on monthly gross salary not on sales incentives
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