how much percentage of ESI will be deducted in salary?
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Answer / kirti
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 ? | 141 Yes | 23 No |
Answer / satish
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 ? | 95 Yes | 5 No |
Answer / ak&
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 ? | 45 Yes | 4 No |
Answer / g.lakshmi sudha ragini
1.75%in employees Salary and 4.75%employeers salary in gross
salary (Are net amount)
| Is This Answer Correct ? | 38 Yes | 9 No |
Answer / vinay kumar kharbanda
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 ? | 71 Yes | 48 No |
Answer / priya
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 ? | 20 Yes | 3 No |
Answer / piyush
if the gross salary is above Rs.15000/- so will be include or deduct of ESI
| Is This Answer Correct ? | 9 Yes | 5 No |
Answer / akash jain
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 ? | 2 Yes | 8 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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