Government of India has taken a decision to reduce the rate of contributions under ESI Act from 6.5% to 4% further bifurcated into 3.25% contribution from employer and 0.75% contribution from Employees.
One time payment of tax scheme for payment under THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975 has been introduced w.e.f. 1st April, 2018. Refer the attached document for further information.
10% rate is applicable for Any establishment in which less than 20 employees are employed. Any sick industrial company and which has been declared as such by the Board for Industrial and FinancialReconstruction Any establishment which has at the end of any financial year, accumulated losses equal to or exceedingits entire net worth and […]