deductibility of employee contribution to ESI

[Somenath Maitra]

Dear all the ESI limit has been raised to 15000 per month .now can anyone let me know is the deduction from employees for ESI is eligible u/s 80C or 80D while computing Salary tax deduction. the only thing i got that income of ESI fund is Exempted under the IT Act. Further employers contribution to PF & ESIC within due date of Filing return is eligible for deduction U/S 43B while computing Income from Business & Profession. In that logic can thde employee also claim deduction u/s 80C .   Thanks somenath maitra (Andrew Yule & Co. Ltd) maitr...@yahoo.com

[Rashmi Ranjan Patra]

Dear Somenath,

 

The employees contribution to ESIC is not eligible for any decuction. Section 80C specifies a list of 21 eligible investments and it doesn't include employees contribution to ESI.

 

Thanks

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