Esi

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Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2014 hi..sir Is there any case that, employee 's contribution under ESI can be more than 263 i.e 15000*1.75% and also is there any age limit in contribution to ESI ? please explain it
thank u

@VaibhavJ

@VaibhavJ (Expert)

14 January 2014 HI

Yes, if you pay variable pay i.e. Incentives or any Other allowance on month on month basis then it also forms part of salary & ESI is also need to be contributed on the same.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2014 Thank you sir,that means it can be more than 263 for a particular month itself?? if that repeats for every month then ??pls?
Thank you..

@VaibhavJ

@VaibhavJ (Expert)

14 January 2014 Yes indeed!

If such payment is made every month then your esi wage restated and esi may not be contributed.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2014 thank u..sir got it.and if its the case where fixed gross salary is more than 15000 and if the actual gross salary is less than 15000 then ESI need to be deducted for that particular month?
any age limit for ESI sir?
thank u

@VaibhavJ

@VaibhavJ (Expert)

15 January 2014 No, it is not like that. If fixed gross salary is 15K then no esi applicable!

@VaibhavJ

@VaibhavJ (Expert)

15 January 2014 To know more info on ESI pl refer:

https://www.caclubindia.com/articles/esic-in-detail-16236.asp

Thanks!!

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2014 thank u sir.Any age limit for ESI contribution sir

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2014 Hi sir,good evg. whether TDS is deducted on the hotel room rent amount ??? And also can you clarify about TDS receivable..(explanation)
Thank you

@VaibhavJ

@VaibhavJ (Expert)

20 January 2014 Age limit for ESi is same in line with retirement age.

Thx

@VaibhavJ

@VaibhavJ (Expert)

20 January 2014 Hi

As per circular 5/2002, if hotel room is occupied on regular basis, then the tds should be deducted u/s 194I, so if it is not regularly occupied, there is no tds u/s 194 I but subject to TDS u/s 194C.

Thx

@VaibhavJ

@VaibhavJ (Expert)

20 January 2014 To know about TDS refer: https://www.charteredclub.com/tds-payment/

Thx

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2014 hi,sir why no CESS to be included incase of TDS deduction .is there any reason?

thanks & regards

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