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Tag: ESI

Income Tax, Tax evasion, India, Tamil Nadu, Department

Historic: Government Reduces the Rate of ESI Contribution from 6.5% to 4%

Personal Finance June 13, 2019 admin 0 Comments

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. This would benefit 3.6 crore employees and 12.85 lakh […]

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