ravi kiran (student) (151 Points)
15 July 2011Sir,
I want to know whether Employer Contribution in the case of ESI Contribution to be rounded-up to higher rupee or just it should be rounded-off to nearest rupee .please clarify my query. Aldo please quote circular/link where it is being stated either way.
Regards,
Ravi Kiran
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 16 July 2011
| Originally posted by : ravi kiran | ||
 |
Sir, I want to know whether Employer Contribution in the case of ESI Contribution to be rounded-up to higher rupee or just it should be rounded-off to nearest rupee .please clarify my query. Aldo please quote circular/link where it is being stated either way. Regards, Ravi Kiran |
 |
After making entries and totalling, the amount of contribution to be remitted is to be worked out. The amount of contribution, both employers' share and employees' share in respect of a person is to be rounded to the next higher rupee with effect from 1.10.2004. .
CAclubindia
