ESI deduction from salary

This query is : Resolved

CA Vijay Kumar Walande (Querist)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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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.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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21 August 2010 Regarding the other ESI deduction provisions, Mr Ramesh has explained in detail & that's says it all.

CA Vijay Kumar Walande

CA Vijay Kumar Walande (Querist)
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01 November 2010 Thank you so much