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Contribution under esi

CA Final 249 views 2 replies

Dear Friends,

I want to know the contribution percentage under ESI Act, 1948. Although the earlier contribution rate is 1.75% by employee and 4.75% by the employer and applicable on the employees who are drawing salary upto Rs. 10,000 but recently I read somewhere that certain amendments are made in the ESI Act and now contribution rate is 1 % by employee and 3% by the employer and applicable on the employees who are drawing salary upto Rs. 21,000. Kindly confirm my doubt and tell me which rate of contribution are applicable currently.

Replies (2)
First of all 15000/- was last limit when it got updated since 1.1.17
And rate for deduction is same there's no amendment


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