Hello Everyone, I had a query with respect to ESI Contribution rates.
As per the 2019 notification, ESI Contribution rates were reduced to 4% (3.25 for Employer & 0.75 for Worker). The notification changed a specific section 51 of the ESIC Act.
The query is with respect to one of our establishment being notified as a "New Area" under ESIC in January 2019 & other notified as "New Area" in Aug 2020.
Will these areas attract reduced contribution rates of (3.25 & 0.75) or continue to attract the existing rates (3 & 1) as per the 2016 ESIC Notification. Pls, help.
As per the 2019 notification, ESI Contribution rates were reduced to 4% (3.25 for Employer & 0.75 for Worker). The notification changed a specific section 51 of the ESIC Act.
The query is with respect to one of our establishment being notified as a "New Area" under ESIC in January 2019 & other notified as "New Area" in Aug 2020.
Will these areas attract reduced contribution rates of (3.25 & 0.75) or continue to attract the existing rates (3 & 1) as per the 2016 ESIC Notification. Pls, help.