Please find the notification, where the ESIC is on the way to reduce the Employee as well as Employer contributions.
For employee is it 1% and for Employer it is 3%.
The same will be finalized after they have their software updation.
Anybody having more info regarding this, please share.
From India, Kolkata
This is applicable to the newly covered areas only and the reduced rates of contributions are applicable for first 24 months of start of the ESIC scheme. Please see the attached GR dated 06/10/2016.
From India, Mumbai
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