Employees' contribution ₹150
The Employees' State Insurance (ESI) Scheme under the Employees' State Insurance Act, 1948 is a social security system provided by the Government of India to offer financial protection to employees in case of an untimely health-related eventuality like sickness, disability, etc.
Let's solve this step-by-step to find Mr. X's contributions:
- According to the ESI rules applicable since July 1, 2019:
- The employer's contribution is 3.25% of the employee's wages.
- The employee's contribution is 0.75% of their wages.
- To calculate the employer's contribution:
- Wages = ₹20,000
- Employer’s Contribution = \(0.0325 \times 20,000 = ₹650\)
- To calculate the employee's contribution:
- Employee’s Contribution = \(0.0075 \times 20,000 = ₹150\)
Therefore, the contributions are:
- Employer’s contribution: ₹650
- Employee’s contribution: ₹150
The correct option is: Employer's contribution ₹650; Employee's contribution ₹150.
This is option 2 from the provided choices.
Important Questions from Social Security Schemes
Indian Prime Minister launched “Swachha Bharat Mission” officially on
Which state government launched the 'MyGov - Meri Sarkar' portal in July 2021?
The Scheme National Rural Drinking Water Programme (NRDWP) is launched by:
Match List - I and List - II and select the correct answer using the code below:
List - I
List - II
i.
Sugamya Bharat Abhiyan
a.
Reporting and
searching missing
childrenii.
Khoya Paya
b.
To facilitate
e-payments directly
through Banksiii.
Bhim
c.
Financial inclusion
iv.
Jan Dhan Yojana
d.
Universal
acceptability for
persons with
disabilitiesWhich State of India launched "Aahar", a scheme for providing subsidized food to the Urban poor?
