In ESI progam (Tie central, state, Govt. employee contribute to the fund. Employer’s contribution is –
Correct Answer: 4.75%
Description: 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 7/8 of total cost of medical care. Note - Employees getting daily wages of below Rs 50 are exempted from payment contribution.
Category:
Social & Preventive Medicine
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