Esi
This query is : Resolved
19 March 2012
Dear Sir,
Please let me know about if a company is engaged in software development then is it covered under the act to pay and deduct the ESI.
Kindly give me also the link if possible. I would be thankful to you.
Please let me know about if a company is engaged in software development then is it covered under the act to pay and deduct the ESI.
Kindly give me also the link if possible. I would be thankful to you.
CA.Vinita Gupta
(Expert)
19 March 2012
4.75% should be Employers Contribution to ESI and 1.75% should be the Employees Contribution to ESI. In case the Gross Salary is below Rs.15000/-per month. If the Gross Salary is above Rs. 15000/- then no need to deduct ESI
19 March 2012
Hi Madam,
I know the rate of the contribution but here is my query is this is applicable in software industry or not reason being this is not clear in act for factory meaning in respect of software company.
I know the rate of the contribution but here is my query is this is applicable in software industry or not reason being this is not clear in act for factory meaning in respect of software company.
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