ESI amendment to rate of contribution - Rule 51B. Employee contribution - 1% Employer Contribution - 3%

Shanadvocate

ESI amendment to rate of contribution - Rule 51B.
Employee contribution - 1%
Employer Contribution - 3%
W.E.F 1st November for new start ups
https://economictimes.indiatimes.com...8.cms?from=mdr
23rd December 2020 From India, Chennai

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Bhartiya Akhil

183

Advocate Sahib, Where it is written that effective from November 1st, the corporation has amended the rates of contribution for new start ups?
23rd December 2020 From India, Mumbai

Glidor

628

Currently, the employee's contribution rate (w.e.f. 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period.
(from ESIC website itself)
i.e total 4%
and your post means 0.25% extra contribution for new start ups?
23rd December 2020

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ESI amendment to rate of contribution - Rule 51B. Employee contribution - 1% Employer Contribution - 3%

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