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.
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