ESI & PF Applicability on Incentive
Vipul Acharya (Account Officer) (639 Points)
23 May 2020Vipul Acharya (Account Officer) (639 Points)
23 May 2020
Asha Kanta Sharma
(Manager - Finance & Accounts)
(10524 Points)
Replied 23 May 2020
EPF is always calculated on Basic Pay Only.
When calculating ESI, the elements that comprise an employee’s gross salary include Basic Pay, Dearness Allowance, City Compensatory Allowance, House Rent Allowance, Attendance & Overtime Pays, Meal Allowance, Uniform Allowance, Incentives and other Special Allowances.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"