Is ESI deduction from the salary is exempted from tax
This query is : Resolved
surinder kumar
(Querist)
21 July 2008
Plz. let me know that the amount of ESI which is deducted from the salary of employee is exempted from tax or not.
21 July 2008
Yes, the same is deductible u/s 80C of the Income Tax Act
Ram Avtar Singh
(Expert)
21 July 2008
ESI is Applicable up to 10000/= per month salary. it meens salary X 12 month is =xxxx income is already exepmt from income tax.
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