ESIC Contribution Rate Changes
As per The Gazette of India, the Central Government plans to lower the ESIC Contribution Rate to 4% and 1%. Currently, the ESIC contribution rate is 1.75% of the wages, and that of the Employer's is 4.75% of the wages paid/payable in respect of the employee in every wage period. Now, the Central Government is planning to lower the Employee's Contribution Rate to 1% and that of the Employer's to 4%. Draft rules were published on 15/02/2019 for the information of all persons likely to be affected.
Any objection or suggestion, which may be received from any person in respect of the said draft rules within thirty days, will be considered by the Central Government. For more details, please see the enclosed notification hereunder.
From India, Delhi
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63As per The Gazette of India, the Central Government plans to lower the ESIC Contribution Rate to 4% and 1%. Currently, the ESIC contribution rate is 1.75% of the wages, and that of the Employer's is 4.75% of the wages paid/payable in respect of the employee in every wage period. Now, the Central Government is planning to lower the Employee's Contribution Rate to 1% and that of the Employer's to 4%. Draft rules were published on 15/02/2019 for the information of all persons likely to be affected.
Any objection or suggestion, which may be received from any person in respect of the said draft rules within thirty days, will be considered by the Central Government. For more details, please see the enclosed notification hereunder.
From India, Delhi
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Its is useful information to employees who are are paying esi and now they will be benefittedfor .75% arry home salary will be increased.
From India, Ludhiana
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From India, Ludhiana
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Any update on ESIC Reduced contribution rate effective date?
From India, Jalgaon
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From India, Jalgaon
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ESIC Clarification On Reduced Rate Of Contribution 13 Feb 2017.pdf