ESIC
2 ESIC
Cost-to-Company (CTC) and Statutory Compliance
(Volume – 35 of Coffee Break Compliance Guide from Anandan Subramaniam) CTC – a term which has replaced wages/salary. Is it statutorily right?Wages or Salary is a periodic payment received by a person engaged to perform specific job in an organization.As per section 3 of Payment of Wages Act, 1936, every employer shall be responsible for the payment of all wages reported to be paid under this Act to persons employed by him and in case of persons employed in Factories,…
Posted by: ericmikio 08 Apr 2019 | 0 Comments
The Coffee Break Guide to Compliance – Vol. 11
This post is part of the Coffee Break Guide to Compliance by Anandan Subramaniam. Please subscribe to the blog updates if you’d like to be notified of these posts. Please comment below with your doubts and queries. The Coffee Break Guide to Compliance – Vol. 11 {Various Types of Wages under the ESIC – DEFINED} The largest and best social security benefit in India for the working class is the Employees' State Insurance (ESI). The coverage extends to those workers…
Posted by: 17 Aug 2018 | 0 Comments