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%.

Reduced rates will be effective from 1st July 2019.

                                         

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