#cgm

Government reduse the rate of ESIC contribution from 6.5% to 4 %
w.e.f. 01st July 2019
14th June 2019 From India, Raikot

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File Type: jpg ESIC Notification 062019.jpg (319.3 KB, 198 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
14th June 2019 From India, Bangalore
The Gazette notification (draft) in respect of revision in rates of ESI contribution is attached for ref.
14th June 2019 From India, Bangalore

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File Type: jpg Notification-Change of contribution rates.jpg (66.0 KB, 94 views)

Dear Kumar,
as you mentioned this also Draft only.
once this draft as passed bill, then GO will be pass.
Regards,
P.Packiaraj
14th June 2019 From India, Bangalore
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.....
15th June 2019 From India, Bangalore

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File Type: pdf ESI Gazette Notification-Contribution Rate Reduced From 4.75 Percentage To 3.15 Percentage (1).pdf (294.2 KB, 124 views)

Hi,
ESI Contribution reduced Rate GO Attached for your information.
Regards,
P.Packiaraj
15th June 2019 From India, Bangalore

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File Type: pdf ESI GO.pdf (294.2 KB, 52 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.
15th June 2019 From India, Bangalore
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