(as a employee)can we claim ESIC deduction in 80C?
or there is any other section for claiming esic deduction?
Menu
ESIC in Income tax returns
Replies (2)
I don't think esic is an eligible deduction under any section.
The Company's share is exempt income and the employee's share does not qualify as a deduction under any section.
Also, what scenario will bring ESIC into the picture. Typically people eligible for ESIC are well outside the tax bracket. And even if other sources of income are very high, the employee's share is so small it won't make a meaningful difference in the tax.
Recent Threads
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
Related Threads
CAclubindia
