Friends,
Rate of ESI contribution in areas where the Act is implemented for the first time has been reduced for initial 24 months as under:
Employer's contribution : 3%
Employee's contribution : 1%
PFA ESI (Central) Second Amendment Rules 2016 notified on 6.10.2016.
Thanks
From India, Malappuram
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ESI Gazette Notification-Co ntribution Rate Reduced From 4.75 to 3.15 Percentage.pdf
Interest rate cut to 8.55%, admin charges reduced to 0.5%.jpg