Hello Members,
I have make a deduction from Employee salary for ESI @1% and from Employer side @3% and update the challan on ESI portal as per recent draft notification of ESI in which it was mentioned that " 51B In areas where the act is implemented for the first time , that rate of employer's and employee's contribution for the initial 24 months from the date of implementation..
a. Employer Contribution - Equal to 3% of the wages payable to employees
b. Employee Contribution- Equal to 1% of the wages payable to employees
But ESI portal is not allowing me to generate challan over portal as its not updated. Kindly suggest whether i should submit the challan with pre approved rate(1.75 of employee & 4.75 of employer ) or wait for the implementation of new rate.
Please help me out!
I have make a deduction from Employee salary for ESI @1% and from Employer side @3% and update the challan on ESI portal as per recent draft notification of ESI in which it was mentioned that " 51B In areas where the act is implemented for the first time , that rate of employer's and employee's contribution for the initial 24 months from the date of implementation..
a. Employer Contribution - Equal to 3% of the wages payable to employees
b. Employee Contribution- Equal to 1% of the wages payable to employees
But ESI portal is not allowing me to generate challan over portal as its not updated. Kindly suggest whether i should submit the challan with pre approved rate(1.75 of employee & 4.75 of employer ) or wait for the implementation of new rate.
Please help me out!