ESI deduction from salary
This query is : Resolved
21 August 2010
Sir,
When ESIC is Deducted from Salary of the assessee.
then Where should the ESI appears in Income Tax calculation. Under what head will the esi will be deducted from computation
vijay
When ESIC is Deducted from Salary of the assessee.
then Where should the ESI appears in Income Tax calculation. Under what head will the esi will be deducted from computation
vijay
21 August 2010
ESI is contribution is exempted from Income tax so no need to show in calculation
Employees having Gross salary of Rs.15000 or less then the ESI applicable
Employee contribution need to deduct from salary - 1.75 % on basic
Employer contribution 4.75% on basic
Employees having Gross salary of Rs.15000 or less then the ESI applicable
Employee contribution need to deduct from salary - 1.75 % on basic
Employer contribution 4.75% on basic
21 August 2010
Mr. Vijay...
if you are asking for the deduction for ESI contribution in Income Tax computation on the similar grounds of PF contribution, then let me clarify you that ESI contribution is not eligible for such deduction.
if you are asking for the deduction for ESI contribution in Income Tax computation on the similar grounds of PF contribution, then let me clarify you that ESI contribution is not eligible for such deduction.
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21 August 2010
Regarding the other ESI deduction provisions, Mr Ramesh has explained in detail & that's says it all.
01 November 2010
Thank you so much
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