ESIC contributions made by both the employee and employer are eligible for tax deductions under Section 80C of the Income Tax Act. Here are the methods and benefits of ESIC and Tax Planning:

• Methods: Employees can claim tax deductions on the ESIC contribution made by them in their income tax returns. Employers can claim tax deductions on the ESIC contribution made by them as a business expense.

• Benefits: ESIC contributions not only provide medical benefits to employees but also help in tax planning by providing tax deductions.

By understanding the methods and benefits of ESIC and tax planning, employees can optimize their tax planning and avail of the medical benefits provided by ESIC.