13 January 2014
hi..sir Is there any case that, employee 's contribution under ESI can be more than 263 i.e 15000*1.75% and also is there any age limit in contribution to ESI ? please explain it thank u
Yes, if you pay variable pay i.e. Incentives or any Other allowance on month on month basis then it also forms part of salary & ESI is also need to be contributed on the same.
Thanks
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 January 2014
Thank you sir,that means it can be more than 263 for a particular month itself?? if that repeats for every month then ??pls? Thank you..
If such payment is made every month then your esi wage restated and esi may not be contributed.
Thanks
Querist :
Anonymous
Querist :
Anonymous
(Querist)
15 January 2014
thank u..sir got it.and if its the case where fixed gross salary is more than 15000 and if the actual gross salary is less than 15000 then ESI need to be deducted for that particular month? any age limit for ESI sir? thank u
20 January 2014
Hi sir,good evg. whether TDS is deducted on the hotel room rent amount ??? And also can you clarify about TDS receivable..(explanation) Thank you
As per circular 5/2002, if hotel room is occupied on regular basis, then the tds should be deducted u/s 194I, so if it is not regularly occupied, there is no tds u/s 194 I but subject to TDS u/s 194C.