Epf & esi

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Dipen Sen (Querist)
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09 August 2011 Dear Sir/Madam,

Can ne1 pl.answer to my below mentioned queries

1.ESI which is deducted from Salary @1.75% from Employee & 4.75% is being contributed by Employer.Now will total 6.50% be deducted from Total Income Computation or 1.75% and 4.75% of employer's Contribution will be shown as Income and then total 6.50% will be deducted.In Form 16 where and under which Section will it be shown.

2. Like ESI, PF also has 2 components, Employee & Employer 12% contribution of both.As we know PF shall come under sec 80C.But then will 24% of EPF be enjoyed or only 12% of Employee's contribution and 12% of Employer's will be shown as Income and then u/s 80C total 24% will be enjoyed.

Thanks & Regards,

U S Sharma

U S Sharma (Expert)
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09 August 2011 1. 1.75% is employees contribution, and only this will reflect in form 16,

4.75% is employers contribution and it will get debited from P/L account, ( allowed expenditure)

2. same treatment of PF, what is paid by employee, is part of form 16,

what is paid by employer is allowed expenditure in P/L account

Dipen Sen

Dipen Sen (Querist)
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11 August 2011 Thank you!But my query was under which section contribution to ESI from my monthly salary will be shown in Form 16.

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