Allow ability of esi in income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2015
Dear expert
if employer is given 4.75% ESI contribution. this this 4.75% esi amount can be consider as deduction in income tax...
please reply.
if employer is given 4.75% ESI contribution. this this 4.75% esi amount can be consider as deduction in income tax...
please reply.
CMA Ramesh Krishnan
(Expert)
27 April 2015
No. employees cannot take the deduction from income tax on ESI contribution, how ever the employer contribution is exempted from income tax in the hands of employees
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