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Categories >> Accounting >> Accounting AllOther


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how much percentage of ESI will be deducted in salary?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 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
Is This Answer Correct ?    84 Yes 17 No
# 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 ?    49 Yes 0 No
# 3
limit updatded to RS 15000/ 
Is This Answer Correct ?    42 Yes 7 No
# 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 ?    61 Yes 37 No
Vinay Kumar Kharbanda
# 5
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
# 6
1.75%in employees Salary and 4.75%employeers salary in gross

salary (Are net amount)
Is This Answer Correct ?    26 Yes 6 No
G.lakshmi Sudha Ragini
# 7
I Think That Above Statement is TRue 
Is This Answer Correct ?    34 Yes 15 No
# 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


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
# 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
# 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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