The Employees’ State Insurance (Central) Amendment Rules, 2020
ESIC vide notification no.G.S.R. 675(E) has omitted Rule 51B of The Employees' State Insurance (Central) Rules, 1950 which states that in areas where the act is implemented for the first time, the contribution for the initial twenty-four months from such date of implementation for an employer is 3 percent and employee is 1 percent. Now, the contribution rates will be continued at 3.75 percent as employer contribution and 0.75 percent as employee contribution for all newly implemented areas.
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Labour ministry has done away with the provision of the lowered rate of contribution by employees and employers to the Employees’ State Insurance Corporation scheme for new areas while increasing the maternity benefit entitlement to its insured members in the case of confinement from Rs 5000 to Rs 7,500 following an amendment to the Act.
“In the Employees’ State Insurance (Central) Rules, 1950, rule 51B shall be omitted,” it said in a gazette notification. Rule 51 B of the ESIC Rules provi ..
Read more at:
https://economictimes.indiatimes.com...campaign=cppst
ESIC vide notification no.G.S.R. 675(E) has omitted Rule 51B of The Employees' State Insurance (Central) Rules, 1950 which states that in areas where the act is implemented for the first time, the contribution for the initial twenty-four months from such date of implementation for an employer is 3 percent and employee is 1 percent. Now, the contribution rates will be continued at 3.75 percent as employer contribution and 0.75 percent as employee contribution for all newly implemented areas.
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Labour ministry has done away with the provision of the lowered rate of contribution by employees and employers to the Employees’ State Insurance Corporation scheme for new areas while increasing the maternity benefit entitlement to its insured members in the case of confinement from Rs 5000 to Rs 7,500 following an amendment to the Act.
“In the Employees’ State Insurance (Central) Rules, 1950, rule 51B shall be omitted,” it said in a gazette notification. Rule 51 B of the ESIC Rules provi ..
Read more at:
https://economictimes.indiatimes.com...campaign=cppst