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Esic

FATEMA (CHARTERED ACCOUNTANT) (719 Points)

22 August 2013

ESIC is to be deducted only from wages or from salaries also?

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5 Replies

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
Replied 22 August 2013

ESIC to be deducted from both

CA Kumar Mukesh (CA CMA FINAL and Advance Excel Trainer) (6871 Points)
Replied 22 August 2013

As per ESIC Law, ESI required to be deducted is gross Salary or Wages doesn't Exceeds Rs. 15000/- PM

Naresh Kansala (Visit www.nkansala.in for more article) (1425 Points)
Replied 23 August 2013

Yes limit for esi is Rs.15000/- employer has to deduct 1.75% of basis salary from employee and is 4.75% from his Owen pocket .... if employees salary is upto Rs.1500/- per month then only employers part to be deposited. I.e. no need to deduct 1.75% from employee s salary.