10 September 2019
  • Employees’ State Insurance is a self financng social socurity and health insurance scheme for Indian workers.
  • The fund is managed bu the Employees’ State Insurance Corporation according to rules and regulations.

Applicability of ESCI:

  • The ESIC scheme is applicable to all factories asdedined in the Act exclidong seasonal factory for mine.
  • The factory must explouee 10 or more employees.
  • The beneficiaries whose monthly wage does not exceed Rs 21000 are covered under the scheme.

ESIC Contribution Rates:

Description Current Rate New Rate
Employer Share 4.75% 3.25%
Employee Share 1.75% 0.75%
Toal 6.50% 4.00%

ESCI Return Due Date:

  • ESIC Return filling and payment can be both done at the same time. So, The ESCI return due date is the same as the date of payment ( on or before 15th of every month )

Penalty for Delayed Payment:

Sr No Time-Period of Delay Rate of Penalty
1 Delay for up to 2 months 5% per annum
2 Delay ranging from 2 months to 4 months 10% per annum
3 Delay from 4 months to 6 month 15% per annum
4 Delay after 6 month 25%  per annum