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.
14th December 2009 From India , Bangalore
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.
14th December 2009 From India , Bangalore
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ESIC Gazette.pdf
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