Form 16 in Excel Format (Ay 2021-22) (a) in clause (a), for the words “equal to four and three-fourth per cent of the wages”, the words “equal to three and one-fourth per cent. Under the Revised ESI Contribution Rate now employee has to pay 0.75% instead of 1.75% and Employers contribution will become 3.25% instead of 4.25 %. The notification for same is attached for your reference. Under the ESI Act, employers and employees both contribute their shares respectively. REDUCING THE ESI CONTRIBUTION RATE BENEFITS THE WORKERS EARNING WAGES UPTO 21000. The Employees’ State Insurance Act 1948 (the ESI Act) provides for medical, cash, maternity, disability and dependent benefits to the Insured Persons under the Act. The Government of India has taken a historic decision to reduce the rate of contribution under the ESI Act from 6.5% to 4% (employers’ contribution being reduced from 4.75% to 3.25% and employees’ contribution being reduced from 1.75% to 0.75%).Reduced rates will be effective from 01.07.2019. THE GOVERNMENT SHOULD CONSIDER AND CHANGE THE ESI RULES ACCORDINGLY, SO THAT THE EMPLOYEES CORSSED THE CURRENT ESI WAGES LIMIT FOR THEM TO AVAIL BENEFIT. 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 %. Download Esic Reduced Rate Notification Pdf doc. Employer contribution is reduced to 3.25% from 4.75% and the employee contribution is reduced to 0.75% from 1.75%. It is also committed to improve the quality of medical services & other benefits being provided under the ESI scheme. 3djh ri 3orw 0h]]dqlqh )orru .kxpudlo 3od]d , 7 &hqwhu 6wuhhw 6hfwru * ,vodpdedg 7ho )d[ (pdlo vkduli nkloml#nkloml qhw sn :hevlwh zzz nkloml qhw sn ESI name to be changed as E.M.I. This includes a reduction of 1.5% in employers’ contribution to 3.25% from 4.75% and 1% reduction in employees’ contribution to 0.75% from 1.75%. For example, if an employee’s monthly gross salary is 18000 Rs then ESIC will be calculated in the following manner. The move will benefit 36 million insured persons and 1.3 million organizations.After the revision, employees’ contribution has been slashed from 1.75% to 0.75% of their salary The new ESIC rate would be effective from July 1, 2019, the Ministry of Labour & Employment said on Thursday. has amended the ESIC Rules and has notified revised/ reduced ESI Contribution rates w.e.f. Now, the Central Govt. But I never took any medicine/ treatment at ESI Hospitals due to improper facilities. The main aim of this decision is to bring more number of employees under  ESI scheme, there are more than 3.6 crores of employees and 12.85 lakhs of employers are going to benefit with these new contribution rates. of the wages” shall be substituted; (b) in clause (b), for the words “equal to one and three-fourth per cent of the wages”, the words “equal to three-fourth per cent. I have contributed reasonable amount from my salary on account of ESI for last 4 years. All the benefits for ESIC members will remain the same and the reduction in ESIC contribution rates is only to bring more employees in ESIC scheme. of the wages” shall be substituted. Dear All, Esic contribution rate have been reduced wef 01.07.2019. I also endorse the comment and suggest the Government to take steps for improvement of ESIC Hospitals. Purchase Assistant Resume Pdf. Key Points. 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