ESIC Contribution Rate Reduction w.e.f July’2019
ESIC Contribution Rate Reduction w.e.f July’2019
ESIC – Contributions rate reduction w.e.f July’2019
Govt. of India has taken a historic decision to reduce the rate of contribution under the Employee’s State Insurance Act, 1948
ESIC Amended vide the notification dated 13/06/2019 the ESIC (Central) Rules, 1950, whereby rate of Employer’s contributions has been revised from 4.75% to 3.25% and for Employee’s has been revised from 1.75% to 0.75%.
ESIC – Contributions rate reduction w.e.f July’2019