ESIC CONTRIBUTION REDUCED NOTIFICATION
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The Ministry of Labour and Employment has amended the Employees’ State Insurance (Central) Rules, 1950 to lower contribution rates, for employers and employees, under the Employees’ State Insurance Act, 1948. Effective July 01, 2019, employer contributions under the statute shall stand reduced from 4.75% to 3.25%, and employee contribution shall be reduced from 1.75% to 0.75%.
The Copy of the Notification published in the Gazette of India dated 13th June 2019 vide GSR 423(E) can be downloaded from the following link.
ESIC CONTRIBUTION REDUCED NOTIFICATION