what is the ESI ? TELL ME RATE HOW TO WRITE ENTRY

Answer Posted / raju

ESI - Employees' State Insurance, Whose salay dose not
exceeds Rs.10000 per month is liable to the company to
deduct 1.75% from gross salary and along with that 4.75%
employer contribution to be paid to ESI office with challan.

The entry will be -

Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr 9825.00
ESI Payable A/c Cr 175.00

Is This Answer Correct ?    13 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

do we have tds in nigeria

2598


What do u mean by sales tax and who are sales tax practitioner ?

1894


what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.

1570


I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?

1729


Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.

3293






What is US Tax Accounts? Can I get any information where from I take full knowledge about US Taxation?

1737


plzzzzzz help me friend my question is, is the tds of part of income tax and when it deduct from salary and why becose tds is deduct only secoundry primary income like lotory etc..

1593


when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax

1458


i want about TDS full details with Limit,Rate and Entry in Tally ?

1893


please explain what is actually E-15 what is its process and also what its importance.

1931


We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?

1476


How will you calculate house rent allowance (hra)?

628


IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT

1600


what is form 8? what are all the details to be collected while buying c form

1559


what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?

1473