Government Cuts Employees\' State Insurance Contribution Rate To 4%

Government Cuts Employees' State Insurance Contribution Rate, To Benefit 3.6 Crore People

The reduced rates will take effect from July 1, 2019, the Ministry of Labour said. It would benefit 3.6 crore employees and 12.85 lakh employers.

Your Money | | Updated: June 14, 2019 08:45 IST
Government Cuts Employees' State Insurance Contribution Rate, To Benefit 3.6 Crore People

Employers and employees contributed Rs 22,279 crore towards the ESI scheme in 2018-19