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CONTRIBUTION The ESI Scheme is mainly financed by contributions raised from employees covered under the scheme and their employers, as a fixed percentage of wages. As of now, the rates of contribution are:- ( i ) Employees’ Contribution :1.75 percent of wages (ii)Employers’ Contribution:4.75 percent of wages 1. Employees’ earning upto Rs.50/- a day as wages are exempted from payment of their part of contribution. 2. The State Govts bear one-eighth share of expenditure on Medical Benefit within the per capita ceiling of Rs.900/- per annum and any additional expenditure beyond the ceiling. Found This Useful? +Vote Up This Page Via Google. Why Vote? User validation is extremely important for good content to prosper. | 1079 views2 replies Knowledgebase Categories Popular Discussions |
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