PF and ESI on Incentives payments
This query is : Resolved
21 August 2024
Dear Sir
Based on sale turnover in order to encouraging our hotel staff we are paying monthly incentives approximately Rs 5000/.
Any statutory such as PF ans ESI attracted for this amount. We are paying Income tax for this .
Kindly clarify.
Based on sale turnover in order to encouraging our hotel staff we are paying monthly incentives approximately Rs 5000/.
Any statutory such as PF ans ESI attracted for this amount. We are paying Income tax for this .
Kindly clarify.
23 August 2024
PF not applicable on incentive payment.
Performance Incentives if it is paid on a regular basis, you have to pay ESI
contribution.
Performance Incentives if it is paid on a regular basis, you have to pay ESI
contribution.
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