Hi Alok singh,
You stated as -
"Government has reduced the contribution of EMPLOYEES’ STATE INSURANCE ACT-
(ESI) Act to 4% from 6.5%, It will help to increase the take home salary of Our workers
This includes a reduction of 1.5% in employers% contribution to 3.25% from 4.75%
and 1% reduction in employees’ contribution to 0.75% from 1.75%
It is effective from from 1st July 2019 .
21st June 2019 From India, New Delhi."
" (ESI) Act to 4% from 6.5%,"
First of all, it was NOT 4% but 4.75% which now reduced to 3.15%
Secondly,
" ...while the employers contribution will come down from 4.75% to 3.25%, according to the ministry of labour and employment.
Today From India, New Delhi
Alok Singh.
Welfare Officer"..
Unquote -
Again you mentioned ..from 4.75% to 3.25% which is NOT, whereas it should be read as "from 4.75% to 3.15% "
The notification extracted here below for your ref:
" ... (a) in clause (a), for the words “equal to four and three-fourth per cent of the
wages”, the words “equal to three and one-fourth per cent. of the wages” shall be
substituted; (Unquote 31/4th ie. 3.15%)
(b) in clause (b), for the words “equal to one and three-fourth per cent (Unquote- 1.3/4th%) of the wages”, the words “equal to three-fourth per cent (Unquote- 3/4th ie., 0.75%) . of the wages” shall be substituted.
[F. No. S-38012/01/2016-SS-I)
VIBHA BHALLA, Jt. Secy. "