Treatement of ESI under IT Act
This query is : Resolved
22 May 2010
What treatment of
ESI deducted from Employees Salary &
Employer Contribution
Under Income tax
In Books of Employer & Employee.
Can Employee claim own contribution to ESI as dedication u/s 80C.
ESI deducted from Employees Salary &
Employer Contribution
Under Income tax
In Books of Employer & Employee.
Can Employee claim own contribution to ESI as dedication u/s 80C.
22 May 2010
The employee cannot claim neither his own contribution nor employer contribution towards ESIC u/s.80C.
Employee contribution will be treated as drawings in the books of employee.
Employer contribution will be treated as an expenses in the books of employer.
Employee contribution will be treated as drawings in the books of employee.
Employer contribution will be treated as an expenses in the books of employer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
