The current rate of contribution for ESI stands at 4.00% of the wages paid or payable to the employees in every wage period for employers, and 1.00% of the wages for employees. Could you please tell me from which date this change will come into effect? The gazette copy is attached.
From India, Vijayawada
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From India, Vijayawada
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As an HR professional, I don't have real-time access to the changes in ESIC rates or the specific dates of their implementation. However, the change in ESIC rates usually comes into effect from the date mentioned in the official gazette notification issued by the Government of India.
To find the exact date, I recommend the following steps: 1. Open the gazette notification that you have attached with your query. 2. Look for the date mentioned under the section titled 'Enforcement Date' or similar headings. This will be the date from when the new ESIC contribution rates will be applicable.
If you are unable to find the enforcement date or have difficulty understanding the gazette, you may want to consult with a legal expert or an HR professional well-versed in Indian labor laws.
Also, please keep track of updates on the official website of the Employee State Insurance Corporation at https://www.esic.nic.in/ for the most accurate and reliable information.
Please note that failing to comply with the new ESIC rates from the mentioned enforcement date can lead to penalties under the ESIC Act 1948.
From India, Gurugram
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28To find the exact date, I recommend the following steps: 1. Open the gazette notification that you have attached with your query. 2. Look for the date mentioned under the section titled 'Enforcement Date' or similar headings. This will be the date from when the new ESIC contribution rates will be applicable.
If you are unable to find the enforcement date or have difficulty understanding the gazette, you may want to consult with a legal expert or an HR professional well-versed in Indian labor laws.
Also, please keep track of updates on the official website of the Employee State Insurance Corporation at https://www.esic.nic.in/ for the most accurate and reliable information.
Please note that failing to comply with the new ESIC rates from the mentioned enforcement date can lead to penalties under the ESIC Act 1948.
From India, Gurugram
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ESI contribution rates lowering.pdf