ISO Certified Premium Startup Consultancy Company
ISO Certified Premium Startup Consultancy Company
The Employee State Insurance Corporation has after viewing the pandemic of COVID-19 in the country, has come up with the notification on 16th March 2020. The notification speaks about the relaxation in paying the ESIC contribution for the month of February 2020 and March 2020. As per regulation 26 and 31 of the Employee State Insurance Corporation, the 45 days has to be read instead of 15 days for the month of February 2020 and March 2020.
Therefore, after the relaxation the due date of contribution payable can be paid and filed as:
|
Month |
Actual Date for contribution payable |
Due date after relaxation |
|
February 2020 |
15th March 2020 |
15th April 2020 |
|
March 2020 |
15th April 2020 |
15th May 2020 |
Please note that the relaxation is restricted for the month of February 2020 and March 2020 and after March 2020 there is no change/ relaxation and the due date for contribution payment remains the same.
Under the ESI Act 1948 (the ESI Act) the price contribution has been reduced beyond 6.5 percent in conformity with 4 percent on the wages The ESI contribution is being decreased beside 4.75 percent in conformity with 3.25 percentage and ESI contribution life decreased by 1.75 percentage according to 075 percentage exceptional beyond 01.07.2019.
The link to the official notification is given below:
https://www.esic.nic.in/attachments/newseventfile/c8babe58b1474a744ad191966d9745ab.pdf
18 Mar
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