a) Employer’s contribution: A sum equal to 4.75% of the wages payable to an employee, rounded off to the next higher rupee b) Employee’s contribution: A sum equal to 1.75% of the wages payable to an employee, rounded to the next higher rupee; In compliance with the Notification published in the Gazette of India dated 6.10.2016, the rates of employer’s and employee contribution for the initial twenty-four months from the date of implementation of the Act are subject to the following:- (a) Employer’s contribution – A sum (rounded to the next higher rupee) equal to 3% of the wages payable to an employee; and (b) Employee’s contribution – A sum (rounded to the next higher rupee) equal to 1% of the wages payable to an employee.