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Categories >> Accounting >> Accounting AllOther
 
 


 

 
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
how much percentage of ESI will be deducted in salary?
 Question Submitted By :: Viswarev
I also faced this Question!!     Rank Answer Posted By  
 
  Re: how much percentage of ESI will be deducted in salary?
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 ?    82 Yes 16 No
Kirti
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 2
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 ?    59 Yes 35 No
Vinay Kumar Kharbanda
 
 
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 3
I Think That Above Statement is TRue 
Is This Answer Correct ?    33 Yes 14 No
Asdsad
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 4
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 ?    47 Yes 0 No
Satish
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 5
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 2 No
Priya
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 6
limit updatded to RS 15000/ 
Is This Answer Correct ?    40 Yes 6 No
Anonnymus
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 7
1.75%in employees Salary and 4.75%employeers salary in gross


salary (Are net amount)
 
Is This Answer Correct ?    26 Yes 4 No
G.lakshmi Sudha Ragini
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 8
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 ?    20 Yes 1 No
Ak&039;s
 
  Re: how much percentage of ESI will be deducted in salary?
Answer
# 9
if the gross salary is above Rs.15000/- so will be include or deduct of ESI 
Is This Answer Correct ?    2 Yes 0 No
Piyush
 
  Re: how much percentage of ESI will be deducted in salary?
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 ?    0 Yes 1 No
Akash Jain
 

 
 
 
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