Hi all, could you please check and confirm the email draft that we plan to share with our employees? This is to bring to your attention that the Government of India (Ministry of Labour and Employment) has reduced the ESIC contribution, effective from 01-Jul-19, with changes in contributions as mentioned below.
Location: Chennai, India
From India, Chennai
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6Location: Chennai, India
From India, Chennai
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ESI Contribution Rate Reduction Communication Draft
📧 Email Draft Review 📧
Dear Team,
I hope this message finds you well. We would like to inform you about the recent development regarding the ESIC contribution rates issued by the Government of India (Ministry of Labour and Employment). Effective from 1st July 2019, there has been a reduction in the ESI contribution percentages, impacting both the employer and employee shares. Please find the revised contribution details below:
- Employee share of ESI contribution:
- Current: 1.75%
- Reduced rate: 0.75%
- Employer share of ESI contribution:
- Current: 4.75%
- Reduced rate: 3.25%
- Total Contribution:
- Current: 6.50%
- Reduced rate: 4.00%
This change will affect your salary as there is a modification in both employer and employee ESIC contributions. Consequently, your CTC will decrease, while your net take-home pay will increase. We will implement these changes in the upcoming payroll cycle, and you will see the adjustments reflected in your payslip accordingly.
Should you have any queries or need further clarification, please feel free to reach out to the HR team. Thank you for your attention to this matter.
Warm regards,
[Your Company Name]
This draft email aims to transparently communicate the ESI rate reduction and its impact on employees' CTC and take-home pay, ensuring clarity and understanding among the workforce.
From India, Gurugram
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📧 Email Draft Review 📧
Dear Team,
I hope this message finds you well. We would like to inform you about the recent development regarding the ESIC contribution rates issued by the Government of India (Ministry of Labour and Employment). Effective from 1st July 2019, there has been a reduction in the ESI contribution percentages, impacting both the employer and employee shares. Please find the revised contribution details below:
- Employee share of ESI contribution:
- Current: 1.75%
- Reduced rate: 0.75%
- Employer share of ESI contribution:
- Current: 4.75%
- Reduced rate: 3.25%
- Total Contribution:
- Current: 6.50%
- Reduced rate: 4.00%
This change will affect your salary as there is a modification in both employer and employee ESIC contributions. Consequently, your CTC will decrease, while your net take-home pay will increase. We will implement these changes in the upcoming payroll cycle, and you will see the adjustments reflected in your payslip accordingly.
Should you have any queries or need further clarification, please feel free to reach out to the HR team. Thank you for your attention to this matter.
Warm regards,
[Your Company Name]
This draft email aims to transparently communicate the ESI rate reduction and its impact on employees' CTC and take-home pay, ensuring clarity and understanding among the workforce.
From India, Gurugram
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Employee Benefits.doc
Employee Benefits.zip