ESIC is to be deducted only from wages or from salaries also?
5 Replies
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 22 August 2013
ESIC to be deducted from both
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 22 August 2013
As per ESIC Law, ESI required to be deducted is gross Salary or Wages doesn't Exceeds Rs. 15000/- PM
Naresh Kansala
(Visit www.nkansala.in for more article)
(1425 Points)
Replied 23 August 2013
Yes limit for esi is Rs.15000/- employer has to deduct 1.75% of basis salary from employee and is 4.75% from his Owen pocket .... if employees salary is upto Rs.1500/- per month then only employers part to be deposited. I.e. no need to deduct 1.75% from employee s salary.
Parihar Gopal
(Corporate Taxation )
(392 Points)
Replied 23 August 2013
1.75 % from gross salary but salary does not rs 15000 PM
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