#1
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I want to know about the Employees' State Insurance Corporation Contribution in India so please can you give me the details of the Contribution and also tell me from where I can get the details of ESIC Contribution period?
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#2
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The contribution payable to the Corporation in respect of an employee shall comprise of employer’s contribution and employee’s contribution at a specified rate. Currently, the employee’s contribution rate is 1.75% of the wages and that of employer’s is 4.75% of the wages paid/payable . Employees in receipt of a daily average wage upto Rs.100/- are exempted from payment of contribution. Contribution Period: Two contribution periods each of six months duration two corresponding benefit periods of six months duration Contribution period Corresponding Cash Benefit period: Contribution Period Cash Benefit Period 1st April-30th Sept. 1st January of the following year to 30th June 1st Oct.-31st March 1st July to 31st December of the yearfollowing
__________________ Answered By StudyChaCha Member |