Question

For the purpose of Employees’ State Insurance contribution, overtime wages paid to an employee are:

1.
Counted as wages up to the wage ceiling
2.
Excluded from wages
3.
Counted only for employees above the ceiling
4.
Counted only if paid in cash
Answer (Detailed Solution Below)

Option 1 : Counted as wages up to the wage ceiling

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Detailed Solution

सही उत्तर Counted as wages up to the wage ceiling है।

Key Points

Overtime wages are counted as wages for the purpose of ESI contribution, subject to the monthly wage ceiling of Rs 21,000.

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More Domain-Specific Questions

PrepSnapprepsnap.in • Domain-Specific

Question:

For the purpose of Employees’ State Insurance contribution, overtime wages paid to an employee are:

1.
Counted as wages up to the wage ceiling
2.
Excluded from wages
3.
Counted only for employees above the ceiling
4.
Counted only if paid in cash

Correct Answer: Counted as wages up to the wage ceiling

Overtime wages are counted as wages for the purpose of ESI contribution, subject to the monthly wage ceiling of Rs 21,000.

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