ESIC Rate Changes: Should We Implement Now and From When?

shreyu0907

Dear members,

As per the latest rule, ESIC rates have been revised to a 1% deduction from employees and a 4% deduction from employers. Can anyone suggest if this is just information, or should the organization start to execute it? If so, from which date is it applicable and implied?

Glidor

It is just a proposal to restructure the "contribution" (not deduction). Let the GOI finalize the same and make it a gazetted notification with an effective date. As of now, there are no changes in the rates of ESIC.

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