Answer / senthil

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 650.00
ESI Employer Cont. Dr. 475.00

Answer / 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

Answer / 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

hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.

0 Answers   India Infoline, TCS, Wipro,

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I am George Moses from Mumbai I am asking the how to clculate the TDS on Labour ? Sub LAbour.

5 Answers  

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WHAT IS THE TDS RATE FOR ASSESSMENT YEAR 2010-11 FOR DIFFERENT CATAGORIES??????????????

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0 Answers  

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Form C can be issued for final ( gross ) value OR cost of the material + excise value only ?

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Is tax audit compulsory for companies irrespective of their income?

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Tell about dvat and dvat rate

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Please tell me who is lible to pay service tax - give category & limit turnover

3 Answers  

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