how much percentage of ESI will be deducted in salary?
Answer Posted / priya
The ESI Scheme is mainly financed by contributions raised from employees covered under the scheme and their employers, as a fixed percentage of wages. As of now, the rates of contribution are:-
( i )
Employees’ Contribution
:
1.75 percent of wages
(ii)
Employers’ Contribution
:
4.75 percent of wages
Employees’ earning upto Rs.50/- a day as wages are exempted from payment of their part of contribution.
The State Govts bear one-eighth share of expenditure on Medical Benefit within the per capita ceiling of Rs.900/- per annum and any additional expenditure beyond the ceilin
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