banner_ad

Esic calculation

VAT (Legacy) 299 views 6 replies
Guest
ESIC deduction for employees is 1.75% of wages. Does wages include overtime wages as well ? what if gross wages with overtime crosses 21000 ?
Reply Share Follow
On 23 January 2017 at 17:28 Report
Replies (6)
User Avatar

28 Points Posted on 23 January 2017
overtime allowances will be considered as wage for the purpose of chargin g the contribution only and will not be considered for the purpose of the coverage of the employee under the Scheme. 
1 Reply
On 23 January 2017 at 21:54
User Avatar

28 Points Posted on 23 January 2017
Hence the esic contribution will be charged including overtime
Reply
On 23 January 2017 at 21:55
User Avatar

28 Points Posted on 23 January 2017
may be due to o.t. wages exceeds 21000 but the esic will be applicable.
Reply
On 23 January 2017 at 21:57
User Avatar

28 Points Posted on 23 January 2017
it does not mean that being 21000
Reply
On 23 January 2017 at 21:57
User Avatar

28 Points Posted on 23 January 2017
it is out of coverage
Reply
On 23 January 2017 at 21:58
Guest

@ dilipgurnani Got it . thanks a lot

Reply
On 25 January 2017 at 12:35


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details