(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 Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
