ESI amendment to the rate of contribution - Rule 51B.
Employee contribution - 1%
Employer Contribution - 3%
W.E.F 1st November for new startups
https://economictimes.indiatimes.com...8.cms?from=mdr
From India, Chennai
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Employee contribution - 1%
Employer Contribution - 3%
W.E.F 1st November for new startups
https://economictimes.indiatimes.com...8.cms?from=mdr
From India, Chennai
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Advocate Sahib, Where it is written that effective from November 1st, the corporation has amended the rates of contribution for new start ups?
From India, Mumbai
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191From India, Mumbai
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Currently, the employee's contribution rate (w.e.f. 01.07.2019) is 0.75% of the wages, and that of the employer is 3.25% of the wages paid/payable in respect of the employees in every wage period (from ESIC website itself). In total, it amounts to 4%. Does your post indicate an additional 0.25% contribution for new startups?
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ESI Gazette Notification-Co ntribution Rate Reduced From 4.75 to 3.15 Percentage.pdf