First time in 22 years, Employees’ State Insurance contribution slashed from 6.5% to 4%

While the employer’s contribution has been reduced from 4.75 per cent to 3.25 per cent, that of the employee is down from 1.75 per cent to 0.75 per cent. The reduced rates, which will come into effect from July 1, is expected to benefit 3.6 crore employees and 12.85 lakh employers.

from News Explained: Indian Express Expert Opinion, Expert Opinion on Social Issues | The Indian Express
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