Friends, PFA ESIC circular dated 15.12.2016 on the subject. Thanks
From India, Malappuram
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1454From India, Malappuram
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Sir, as per ESI Reduced contribution, could someone please provide clarification regarding this reduced rate? It is ONLY APPLICABLE TO FIRST-TIME IMPLEMENTED AREAS as per ESIC Letter No 1-11/15/10/2016-ICT dated 15-12-2016.
For the existing employers and employees, should we calculate based on the new rates or not? There seems to be some confusion between first-time implementation and existing contributions.
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Srinivas Kopilla - Hyderabad
From India, Hyderabad
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For the existing employers and employees, should we calculate based on the new rates or not? There seems to be some confusion between first-time implementation and existing contributions.
From,
Srinivas Kopilla - Hyderabad
From India, Hyderabad
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ESIC Clarification On Reduced Rate Of Contribution 13 Feb 2017.pdf