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Answer Posted / justin
ESIC - Employee State Insurance Corporation
1.75% from Employee Share
4.75% from Employer Share
Gross Salary Limit is Rs.15000/-
At the time of Recovery
Salary a/c Dr
To ESI Employee Share a/c
To Salary Payable a/c
At the time of Payment to Department
ESI Employee Share a/c Dr
ESI Employer Share a/c Dr
To ESI Payable a/c cr
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