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ESI - Reduced contribution w.e.f 1-Jul-19
#1
The Government of India has taken a historic decision to reduce
the rate of contribution under the ESI Act from 6.5% to 4% (employers’ contribution
being reduced from 4.75% to 3.25% and employees’ contribution being reducedfrom
1.75% to 0.75%). Reduced rates will be effective from 01.07.2019. This would benefit 3.6 crore employees and 12.85 lakh employers.

A detailed notification could be found here: http://pib.nic.in/newsite/PrintRelease.a...lid=190452

Regards,
Kamla Nagdali
 
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