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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
how much percentage of ESI will be deducted in salary?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Employers contribution will be 4.75%
Employees contribution will be 1.75% (if the earning is
equal or less than 50 rupees upto 70 are exemp from
contribution)
 
Is This Answer Correct ?    90 Yes 17 No
Kirti
 
Answer
# 2
E.S.I was deducted from Groos wages of employee
that is 1.75% from employee
and 4.75% from the employer
 
Is This Answer Correct ?    52 Yes 0 No
Satish
 
 
 
Answer
# 3
limit updatded to RS 15000/ 
Is This Answer Correct ?    44 Yes 7 No
Anonnymus
 
Answer
# 4
ESI is deductible from salary of employee @1.75% and
Employer contributes @ 4.75%
The threshold limit is Rs.10000/- i.e. if the salary is
equal to ir more than Rs.10000/- than no ESI is deductible
from particular employee salary and also employer will not
contribute for the same.
 
Is This Answer Correct ?    62 Yes 39 No
Vinay Kumar Kharbanda
 
Answer
# 5
1.75%in employees Salary and 4.75%employeers salary in gross


salary (Are net amount)
 
Is This Answer Correct ?    27 Yes 6 No
G.lakshmi Sudha Ragini
 
Answer
# 6
ESI is caluclated on gross
if employee gross salary is below 15000 the %age of 1.75%
and employeer gross salary is below 15000 the %age of 4.75%
 
Is This Answer Correct ?    22 Yes 1 No
Ak&039;s
 
Answer
# 7
I Think That Above Statement is TRue 
Is This Answer Correct ?    35 Yes 15 No
Asdsad
 
Answer
# 8
The ESI Scheme is mainly financed by contributions raised from employees covered under the scheme and their employers, as a fixed percentage of wages. As of now, the rates of contribution are:-

( i )

Employees’ Contribution

:

1.75 percent of wages



(ii)

Employers’ Contribution

:

4.75 percent of wages



Employees’ earning upto Rs.50/- a day as wages are exempted from payment of their part of contribution.
The State Govts bear one-eighth share of expenditure on Medical Benefit within the per capita ceiling of Rs.900/- per annum and any additional expenditure beyond the ceilin
 
Is This Answer Correct ?    16 Yes 3 No
Priya
 
Answer
# 9
if the gross salary is above Rs.15000/- so will be include or deduct of ESI 
Is This Answer Correct ?    2 Yes 1 No
Piyush
 
Answer
# 10
The ESI deduction is always on the complete salary, who are drawing Rs. 15,000/- or less. It is not necessary for the management to deduct and pay the esi contribution for the employee who are drawing more than Rs. 15,000/- per month as wages/ salary. The employee share of contribution of ESI is @ 1.75% and employer share of contribution of ESI is @ 4.75%

I hope that the above will satisfy your query.
 
Is This Answer Correct ?    1 Yes 2 No
Akash Jain
 

 
 
 
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