ESIC Contribution Rounding: Is There an Official Rule or Just Rumor?

Dear All,

I have a query; if anybody could provide me with the solution: Is there any act/amendment from the ESIC stating that the contribution of ESIC by the employer/employee needs to be rounded off to the next rupee? I have not been able to find this information; it has only been through word of mouth.

Waiting for a response.

Sayanti Sanyal
HR Executive

Hi Sayanti.Sanyal,

Please find attached the Amendment to Rule 51 of ESIC, which was provided to me by the ESI Inspector during the inspection. I hope this will address your query.

Regards,
erv