Considering the Hardships faced by the business entities due to COVID-19 & Lock down in the Country, ESIC department has provided Extension in filing of ESI Contribution for the wage month of Feb & March 2020.
The Due date for filing the ESI Contribution for the wage month of February & March 2020 is 15 March 2020 & 15 April 2020 under normal circumstances. ESIC Department has provided extension of 45 days & now ESI Contribution for the wage month of February 2020 & March 2020 can be filed upto 15 April 2020 & 15 May 2020 instead of 15 March 2020 & 15 April 2020 respectively.
The ESI Act applies to premises or precincts where 10 or more persons are employed. Employees drawing wages up to ₹21,000 a month are entitled to health insurance cover and other benefits under this law.
ESI contribution rate for FY 2019-20 stands at 4 per cent, which includes the employer contribution of 3.25 per cent and the employee’s contribution of 0.75 per cent.