S. Jaykishan

Chartered Accountants

Rate of ESI contribution reduced to 4%

Rate of ESI contribution reduced to 4%

(Date: 15/6/2019)

The Govt. has reduced the rate of contribution under the ESI Act from 6.5% to 4% with effect from July 01, 2019. This would benefit to both employers and employees. The reduced rate of contribution will bring the substantial relief to workers and it will facilitate enrollment of worker under the ESI scheme.

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