What is In ESI progamme central, state, Govt. employee contribute to the fund. Employer's contribution is- and explain in detail?
Ans. is 'b' i.e., 4.75% Financt of ESI scheme o The scheme is run by contribution by employees and employers and grants from central and state governments ? t1) Employers contribution --> 4.75% of total wages hills ii) Employee contribution --> 1.75% of total wages bills iii) The state government's share of expenditure on medical care is of total cost of medical care. The ESI corporations share of expenditure on medical care is % of total cost of medical care. Note - Employees getting daily wages of below Rs 50 arc exempted from payment contribution.