Dear All,

Please find the notification that the ESIC is in the process of reducing the employee as well as employer contributions. For employees, it will be 1%, and for employers, it will be 3%. The final decision will be made after the software update is completed.

If anyone has more information regarding this, please share.

Thank you.

From India, Kolkata
Attached Files (Download Requires Membership)
File Type: pdf RATE-OF-CONT-15-12-2016.pdf (424.3 KB, 472 views)

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This is applicable to the newly covered areas only and the reduced rates of contributions are applicable for first 24 months of start of the ESIC scheme. Please see the attached GR dated 06/10/2016.
From India, Pune
Attached Files (Download Requires Membership)
File Type: pdf ESIC Circular 06.10.2016.pdf (947.9 KB, 655 views)

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