ESI deduction


This query is : Resolved 

Quick Summary
This discussion clarifies the treatment of Employee State Insurance (ESI) contributions for both employers and employees. Employer contributions are treated as expenditure, while employee contributions are considered a current liability. The explanation also notes that employee ESI contributions do not qualify for deductions under Section 80C of the Income Tax Act.

19 February 2020 Can anyone tell about Employer and Employee' ESI Contribution deduction treatment in the hands of employee as well as Employer ?

19 February 2020 IN HAND OF EMPLOYER
EMPLOYER CONT = EXDITURE
EMPLOYEE CONT = CURRENT LIABILITY



19 February 2020 IN HAND OF EMPLOYER EMPLOYER CONT = EXPENDITURE EMPLOYEE CONT = CURRENT LIABILITY



19 February 2020 Why employee does not get any ESI contribution's deduction under Income Tax Act ?

20 February 2020 being State Insurance, central govt has NOT put any benefit under section 80C

20 February 2020 Thanks for the reply, Sir

20 February 2020 you are most welcome.
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