Reduction in Rate of Employee State Insurance Corporation (ESIC) Contribution

Government has approved and released notifications reducing the rates of Employee State Insurance Contribution rates. Employer contribution is reduced to 3.25% from 4.75% and the employee contribution is reduced to 0.75% from 1.75%. The revised rates of ESI contributions shall be effective from July 01, 2019. G.S.R. 423 (E).—Whereas a draft containing certain rules [...]