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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% Finance of ESI scheme The scheme is run by contribution by employees and employers and grants from central and state governments - Employers contribution - 4.75% of total wages bills Employee contribution - 1.75% of total wages bills The state government's share of expenditure on medical care is 1/8 of total cost of medical care. The ESI corporations share of expenditure on medical care is 78 of total cost of medical care. Note - Employees getting daily wages of below Rs 50 are exempted from payment contribution.