Loginmiraclelogistics
Asso.prof.(commerce & Management)
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Government reduced the rate of ESIC contribution from 6.5% to 4 % w.e.f. 01st July 2019

Attached Images
File Type: jpg ESIC Notification 062019.jpg (319.3 KB, 307 views)

Hi, Good News only. it is draft and News press advertisement only. GO will be passed officially. we can wait for that. Regards, P.Packiaraj
The Gazette notification (draft) in respect of revision in rates of ESI contribution is attached for ref.

Attached Images
File Type: jpg Notification-Change of contribution rates.jpg (66.0 KB, 138 views)

Dear Kumar, as you mentioned this also Draft only. once this draft as passed bill, then GO will be pass. Regards, P.Packiaraj
Now it's official, the Gazette notification implementing the reduction of rates w.e.f.1.7.19 has been publihsed. Pl.see the same attached.
Pl.note the change in %age than what has been widely expected hitherto, there has been further reduction -
---
.....in clause (a), for the words “equal to four and three-fourth per cent (4.3/4th %) of the
wages”, the words “equal to three and one-fourth per cent. of the wages (3.1/4th %) (i.e.3.15%) ” shall be substituted;
(b) in clause (b), for the words “equal to one and three-fourth per cent (1.3/4th%) of the
wages”, the words “equal to three-fourth per cent. of the wages (0.3/4th %) ” (i.e.0.75%)shall be
substituted.....


Attached Files
File Type: pdf ESI Gazette Notification-Contribution Rate Reduced From 4.75 Percentage To 3.15 Percentage (1).pdf (294.2 KB, 177 views)

Hi, ESI Contribution reduced Rate GO Attached for your information. Regards, P.Packiaraj

Attached Files
File Type: pdf ESI GO.pdf (294.2 KB, 90 views)

Pl.read the ESI Contribution rates w.e.f. 1.7.2019 as -
Employers' contribution Reduced from 4.3/4% (4.75%) to 3.1/4 % (3.25%) and
Employees' contribution reduced from 1.3/4% (1.75%) to 3/4th% (0.75%). Error is regretted.

Hi all,
ESIC has issued a circular reg.delay in regn.of recruits for ESI coverage:
ESIC Circular On Delay In Registration Of Employee
ESIC based on representations received from employers on recently introduced restriction in system for registration of employee, vide circular No:-P-11/12/Misc./SST Misuse/2019-Rev.II has approved new process for employer in the system while carrying out the online registration of an employee wherein date of appointment is more than ten days before, from the date of online registration. In this regard the ESIC portal will accept the registration of employees where difference between the date of appointment and date of registration is more than 10 days, provided that system will request to accept or reject the conditions mentioned for registration of an employee. If employer accepts the conditions insurance number will be allotted and a show cause notice shall be issued to the registered email id of the employer. The employer shall submit relevant reply/records within 15 days of issue of Show Cause Notice to the concerned RO/SRO in the prescribed proforma. If employer rejects the conditions, then the system will redirect the employer to change the date of appointment. Please refer the notification for detailed information. Pl.see the copy of circular attacd.


Attached Files
File Type: pdf ESIC Circular On Delay In Registration Of Employee.pdf (633.1 KB, 40 views)

Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™