ESIC Is About To Reduce Employee As Well Employer Contribution

Dear All,
Please find the notification, where the ESIC is on the way to reduce the Employee as well as Employer contributions.
For employee is it 1% and for Employer it is 3%.
The same will be finalized after they have their software updation.
Anybody having more info regarding this, please share.
28th December 2016 From India, Kolkata

Attached Files (Download Requires Membership)

RATE-OF-CONT-15-12-2016.pdf (424.3 KB, 468 views)

its for 1st time notified area only, which is available for one year to two year span only. no change in previous notified areas
28th December 2016

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.
28th December 2016 From India, Mumbai

Attached Files (Download Requires Membership)

ESIC Circular 06.10.2016.pdf (947.9 KB, 641 views)