Revised ESIC Rates Applicability

shreyu0907
Dear members
As per the latest rule, ESIC rates have been revised to 1% deduction from employee and 4% deduction from an employer.
So can anyone suggest if it is just information or an organization shall start to execute it, if then from which date it is applicable and implied?
Glidor
It is just a proposal to restructure the "contribution" (not deduction), let the GOI finalize the same and make it gazatted notification with effective date,
as on date there is no change in rates of ESIC
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