As per amendment to the Employee State Insurance (Central) Rules, 1950 vide Labour department notification G.S.R. 959 €, whereas for areas in which ESI Act was newly implemented the rate of contribution was reduced for employer to 3% and for employee to 1%. For further clarification, the Labour department has released the notification No. P-11/12/Misc./01/2016-Rev.II which requires that employers who are newly registered in areas in which ESI Act was newly implemented between 01.04.2016 and 05.10.2016, have to pay full contribution from date of registration or implementation till 05.10.2016. Thereafter from 06.10.2016, employers shall pay contribution at reduced rate (for employer to 3% and for employee to 1%) for a period of two years with effect from 06.10.2016
Refer, www.simpliance.in free online labour law library, to download all recent amendments and notifications.
From India, Bengaluru
7Refer, www.simpliance.in free online labour law library, to download all recent amendments and notifications.
From India, Bengaluru
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ESI Gazette Notification-Co ntribution Rate Reduced From 4.75 to 3.15 Percentage.pdf