ESIC – Contributions rate reduced in the first time implemented area

ESIC Amended vide the notification dated 06/10/2016 the rule 51 of ESIC (Central) Rules, 1950, rule 51B inserted, whereby rate of employer’s contributions has been revised to 3% from 4.75% of  wages and for employees has been reduced to 1% from 1.75% of wages in the first time implemented areas.

Now technically it is available with on-line portal of ESIC. The effect of the reduction will be lasted for first 24 months.

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