And, the Employer’s share of contribution would be: 3.25/100 * 15,000 = 487.5. The employers are allowed to file the return of Contribution up to 15 th July, 2020 for the contribution period from October, 2019 to March, 2020. The new ESIC threshold limit has included more than 50 Lakhs of employees in Employee State Insurance Scheme so it will benefit both IPs and family members of insured persons. Govt. … The employee can pay at a higher rate and in such case employer is not under any obligation to pay at such higher rate. Copy to : ESI Calculation Formula Percentages 2020 January 13, 2020 0 Comments. There are several important questions that pop up in the heads of working professionals such as what is the rate of ESI contribution, how to calculate ESI, what is the formula to check the deduction and many more. ESIC Further Extends Period for Filing ESI Contribution. Consequences of non-payment of outstanding Annual Listing Fees for FY 2020-21 | Listed Companies – Be Alert !!!!! Facebook Twitter Google+ WhatsApp LinkedIn. 6th November 2020 08:02 AM. The rates are revised from time to time. “The ESI contribution for the month of February 2020 and March 2020 can be filed and paid up to April 15, 2020 and May 15, 2020 instead of March 15, 2020 and April 15, 2020 respectively,” it said. To face pandemic … 42nd GST Council meeting outcome : Key highlights, AGM Extension 2020 – Provisions and Drafts, White Collar Crime: Social, Economic and Legal Aspects, IBBI Invites comments on Pre-packaged Insolvency Resolution Process, Revamping Corruption Laws- Need of the Hour, Highlights of Major Decisions/Initiatives of MHA in Year 2020. 3.49 Crore IPs and 12,11,174 Employers to be Benefitted As of February 2020, the total number of employees covered under scheme who were paying their contribution to ESIC was 2.80 crore. The period for filing contribution for the month of March 2020 is also 15th May 2020. One more good initiative from ESIC in this Pandemic period wherein many employers were not able to pay the regular contribution for the period of Mar-2020. Note: If there is no DA then only basic wage is considered to calculate the EPF monthly contributions. One can get ESIC Form-9 to make a claim in case of Sickness/ Temporary Disablement/ Maternity Benefit as provided by the Employees’ State Insurance Corporation, Ministry of Labour and Employment, Government of India. On 27 October 2020, the Ministry of Labour and Employment (MoLE) announced an amendment to Rule 51B of the Employees’ State Insurance Corporation (ESIC). Keeping in view problems faced by the employers during the covid-19 pandemic, ESIC has further relaxed provisions w.r.t filing of monthly ESIC contribution. 1.1 Extension of due date of payment of PF contribution and filing ECR for March, 2020. November 27, 2020 at 9:35 AM. Leave a Reply Cancel reply. PSE. In continuation of this office letter of even number dt. company and employee, then both the contributions will deduct from your salary otherwise only employee contribution will deduct from your salary. 3.49 crore Insured Persons (IPs) and 12,11,174 employers will get relief with the extension of period for filing the return. ESIC Return Due Date. Website – esic.in Ph : (011) 23234092, No.P-11/12/Misc./1/2019(M) Rev.II Dated : 01.07.2020. ESI is applicable to organizations that have a strength of 10 or more employees working full-time with them. • Applicable: Date of their publication 07.04.2020.. The Employee’s share of contribution would be: 0.75/100 * 15,000 = INR 112.5. during Financial Year 2019-20). II and under one time relaxation to employers has extended time of filing contribution up to 15th of May 2020 for the contribution period April 2019 to September 2019 within forty two days after the end of contribution period. 2. Keeping in mind the effect of COVID-19, the Director-General of ESIC has now relaxed the norms of the ESI (General) Regulations, 1950. According, the employers are allowed to file the Return of Contribution up to 15.07.2020 for the contribution period from October, 2019 to March, 2020. By June 2020, this number fell to 2.02 crore. Rs. Employees in receipt of a daily average wage upto Rs.137/- are exempted from payment of contribution. On 27 October 2020, the Ministry of Labour and Employment (MoLE) announced an amendment to Rule 51B of the Employees’ State Insurance Corporation (ESIC). There are two types of benefits that one can claim as a beneficiary of the ESI scheme, as mentioned below: The ESI code number is a 17-digit number unique ID given to each of the beneficiaries of the scheme. As a result, ESI's contribution for February 2020 and March 2020 will now is made by 15 April 2020 and 15 May 2020 respectively. Q&A: ... 24th November 2020 10:28 AM. 3.49 crore Insured Persons (IPs) and 12,11,174 employers will get relief with the extension of period for filing the return. The reduction in statutory rate of contribution from 12% to 10% for wage months May 2020, June 2020 and July 2020 has been notified vide SO 1513(E) dated 18.0.2020 published in Gazette of India. The employers do not get the deduction benefit of such contributions and end up paying income on it. ESIC Further Extends Period for Filing ESI Contribution. Delayed payment of PF/ESIC Contribution & its deduction in the hands of the employer . ESIC has done one more action generously , ESIC is allowed to pay and file the ESI contribution by employer for the period of April 2019 to Sep 2019 till 15th May 2020 as one time opportunity. It is allotted to each of the factories/establishments registered under the provisions of the ESIC Act,1948. 06/01/2021: 238/2021: 2: ESIC,RO,Karnataka: Counselling Notice for Diploma in Paramedical Courses at ESIC Paramedical Institution, Gulbarga, Karnataka for the year 2020-21 size:(353.35 KB) . The principles stated for the PF contribution shall equally apply for the ESI contribution while reporting the due date in clause 20(b) of Form 3CD. Pl take the case to concerned. ESI Return due date Extended for October – 2019 to March 2020 Period. deepak kushik says: September 24, 2020 at 1:25 PM. It has omitted the provision of the lowered rate of contribution by employees and employers to the Employees' State Insurance … Revised Minimum Wages in … December 8, 2020. 15000/-2. ESIC has done one more action generously , ESIC is allowed to pay and file the ESI contribution by employer for the period of April 2019 to Sep 2019 till 15th May 2020 as one time opportunity. Non-payments, delays, and fraud activities in ESI payment may also lead to imprisonment for a period of upto 2 years and a fine of INR 5,000. size:(1.48 MB) . One can generate this number through ESIC portal on submission of the pertinent information by the employer. Penalty for Delayed Payment. One-time Relaxation to those Employers who could not file Return of contribution for the … In some months, there is a delay in deposits. Under the ESI (Central) Amendment Rules, 2020, it stated that Rule 51B shall be omitted. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. The ESI contribution rate, which had remained unchanged since January 1, 1997, is being reduced from July 1, 2019. Financial assistance is given to cover the loss incurred from the absenteeism from work due to sickness, maternity, disability, or injury during employment. As mandated by the ESI Act, treatment has to be taken only from the ESIC hospitals or dispensaries. Query 1] From the salary payment to our employee, we are deducting employee’s share of ESIC/PF every month & the same is deposited by us along with employer’s share under the ESIC/PF scheme. If the Gross Salary of an employee is INR 15,000, The Employee’s share of contribution would be: 0.75/100 * 15,000 = INR 112.5, And, the Employer’s share of contribution would be: 3.25/100 * 15,000 = 487.5, Hence, the total ESI contribution would be: 112.5 + 487.5 = INR 600. You can report due dates as per the extension, subject to specific mentioning of the extension order in the tax audit report. Copyright © 2019. Currently, the employee's contribution rate (w.e.f. Rule 51B dealt with the rate of employee contribution. In continuation to the Employees State Insurance Corporation, Circular no. All RDs/Directors (I/c)/JDs (I/c) /DD (Pc) ROAD • Overview: Employees State Insurance Corporation (ESIC), Regional Office North East Region, Assam, vide Console Sl. 3. 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