ESIC Draft Rules to Reduce both Employer & Employee Contributions
<p>Ministry of Labour and Employment has issued Gazette Notification G.S.R 121 (E) dated 15/02/2019 notifying Draft Rules proposing to reduce Employee Contribution for ESIC to 1% from 1.75% and Employer Contribution to 4% from 4.75 %.&nbsp;</p> <p>Currently, the employee&rsquo;s ESI contribution rate is 1.75% of the wages and that of employer&rsquo;s is 4.75% of the wages paid/payable in respect of the employees in every wage period</p>