Government Reduces the Rate of ESI Contribution from 6.5% to 4%
Jun 14th, 2019 | By ThenewsmanofIndia.com
(THE NEWSMAN OF INDIA) The Government of India has taken a historic decision to reduce the rate ofcontribution under the ESI Act from 6.5% to 4%(employers’ contribution beingreduced from 4.75% to 3.25% and employees’ contribution beingreducedfrom 1.75% to 0.75%). Reduced rates will be effective from 01.07.2019.Thiswould benefit 3.6 crore employees and 12.85 lakhemployers. The reduced
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