Reduction in Contribution Rates of ESI Act
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.
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.