Esic and epf

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24 August 2011 Is ESIC applicable on sales incentive?

24 August 2011 sales incentive paid to employee is part of salary, and to be treated accordingly for esic

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24 August 2011 yes incentive has to be accounted for

24 August 2011 yes it is accounted for this purpose.

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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