• 20 Feb
• 2019

Notification G.S.R 121 (E) dated 15/02/2019

• By Admin
• other

Ministry of Labour and Employment has issued Ministry of Labour and Employment has issued Gazette Notification G.S.R 121 (E) dated 15/02/2019 notifying Draft Rules proposing to reduce Employee Contribution for ESIC to 1% from 1.75% and Employer Contribution to 4% from 4.75 %.

Currently, the employee’s ESI contribution rate is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable in respect of the employees in every wage period.

Now, the Central Govt. is planning to lower the employee’s ESI contribution rate to 1% and that of employer’s to 4%. Draft Rules published on 15-02-2019, for information of all persons likely to be affected.notifying Draft Rules proposing to reduce Employee Contribution for ESIC to 1% from 1.75% and Employer Contribution to 4% from 4.75 %.

Source: Taxguru.in