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ESI ACT
BY
ESIC AURANGABAD
What is ESI Act ?
2. Rate of Contribution:
Employee Share : 1.75 %
Employer Share : 4.75 %
Total Payable 6.5 %
In newly Implemented areas for the Initial 2 years rate of
contribution will be :
Employee Share : 1%
Employer Share : 3%
Total Payable 4%
Basic Concepts
3. Contribution Period and Benefits Period:-
(Regulation 4 of ESI (Gen) Regulation 1950)
Note:
In case of Employment Injury IP will be eligible for SST treatment from the
first day itself.
BENEFITS
SICKNESS BENEFITS:
Share of
Medical Expdt 50 % 53 %