Amended Rule 51 of ESIC (Central) Rules 1950, ESIC contribution has been reduced - wef 01st July 2019

jagdish.pathak
Dear All, The Government of India after consultation with the "Employees State Insurance Corporation" has amended Rule 51 of ESIC (Central) Rules 1950, ESIC contribution has been reduced as mentioned below. The amendment is effective from 01st July 2019.
ER-share old contribution i.e. 4.75 % to new contribution i.e. 3.23 %
EE-share old contribution i.e. 1.75 % to new contribution i.e. 0.75%
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loginmiraclelogistics
Dear all,
Pl.note - Employer's contribution revised to 3 1/4% or 3.25% down from 4 3/4% or 4.75%
Employees' contribution revised to 3/4% or 0.75% down from 1 3/4% or 1.75%
jagdish.pathak
Dear Kumar S.
Kindly read the attached notification carefully. 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%. ..
And do not interpret the wrong thing.
Get the expert advise, if you have any confusion.
loginmiraclelogistics
Dear JagdishP,
"The Government of India after consultation with the "Employees State Insurance Corporation" has amended Rule 51 of ESIC (Central) Rules 1950, ESIC contribution has been reduced as mentioned below. The amendment is effective from 01st July 2019.
ER-share old contribution i.e. 4.75 % to new contribution i.e. 3.23 %
EE-share old contribution i.e. 1.75 % to new contribution i.e. 0.75%
Best Regards,
Jagdish Pathak
+91 9811488664 "
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Dear JagdishP,
" ER-share old contribution i.e. 4.75 % to new contribution i.e. 3.23 % " (This should be 3.25% instead of 3.23% as stated, am I correct or not ?
EE's contribution as revised to 0.75% is ok.
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