Is ESI Contribution taxable in the hands of employee?

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Student
8 Points Posted on 29 March 2020
Does ESI contribution by both employer and employee forms part of Gross Salary income of the employee for the purpose of Income tax calculation?
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On 29 March 2020 at 23:10 Report
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This discussion clarifies the taxability of ESI contributions for employees. It confirms that only the portion of ESI contributed by the employee is considered part of their gross salary for income tax purposes. Employer contributions to ESI are not taxable in the hands of the employee.

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Auditor at Big 4
622 Points Posted on 29 March 2020
ESI contribution by employee forms part of gross salary but employer contribution is not.
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On 29 March 2020 at 23:54
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Student
8 Points Posted on 30 March 2020
Thanks
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On 30 March 2020 at 01:18
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Auditor at Big 4
622 Points Posted on 30 March 2020
You are welcome
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On 30 March 2020 at 07:26
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Consultant
1891 Points Posted on 30 March 2020

Only the employee contribution of ESI deducted by the employer forms part of the gross salary of the employee .

 

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On 30 March 2020 at 10:26
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Student
8 Points Posted on 31 March 2020
Thank you
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On 31 March 2020 at 00:21

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