ESIC

India Payroll Taxes: 2022 Update

Corporate Law - With almost 1.4 billion residents, India is slowly overtaking China as the country with the most population in the world. The private sector is quickly expanding and tightening the ties with the developed economies, becoming a hot destination for multinational companies seeking to expand to new markets....

Read More

Monthly (July 2022) Legal Obligations for India

Corporate Law - Monthly (June 2022) Legal Obligations + Legal updates  for India under Income Tax Act, 1961,  Goods and Services Tax (GST) 2017, FEMA, 1999, ESI, 1948, Provident Fund, 1952, Companies Act, 2013, LLP Act 2008. Monthly (July 2022) Legal Obligations + Legal updates  for India (A) Monthly (July 2022) Legal Obligations for India (I) Income ...

Read More

Compliance Calendar for the Month of June, 2022

Corporate Law - Owning a Business comes with a lot of responsibilities and duties. As a law abide citizen one must follow the rules and regulations set out by the Government. In India, there are quite a few compliance that a business must follow in order to keep running the business. The Month of June is full of […]...

Read More

Year End Closure Guide for Accountants & Management – March’2022

Corporate Law - As Financial Year 2021-22 has been completed, it calls for certain checkpoints that each business shall ensure before they close their books. Our team of experts have listed below points to ensure accountants and management are on top of the year end checklist and the same have been listed below for your perusal. 1. Deduct […]...

Read More

Provident Fund and Employee State Insurance – A detailed note

Corporate Law - All the tax professionals are very familiar with the terms, contributions to various funds (i.e., provident fund, Employee state insurance, superannuation funds, gratuity fund or any other fund etc.) by employees as well as employers as per defined percentage in accordance with the respective law. However, this seems as a mandatory requir...

Read More

ESIC felicitates donors to ESIC Hospitals during COVID-19 Pandemic

Corporate Law - Through the coordinated efforts of Government, Private Institutions, Civil Society, NGOs and Private Citizens overcame the health crisis caused by second wave of Covid-19 pandemic. More than 100 donors across India made donations of equipment/kits/disposables etc. to ESIC Hospitals amounting to the sum of Rs.13 Crore....

Read More

Family Pension Under ESIC to family of demised employees due to Covid

Corporate Law - 1. Family pension benefit extended to those who have died under Covid. 2. Dependent family members entitled to pension equal to 90% of average daily wage drawn. 3. To be applicable from 24.03.2020 till 24.03.2022. 4. Amount of max insurance benefit increased to 7 lacs. 5. Amount of minimum insurance benefit is 2.50 lacs from […]...

Read More

ESIC extends date for filing of ESI contribution for April, 2021

Corporate Law - ESIC extends date for filing of ESI contribution for the month of April, 2021 The country is dealing with a very challenging situation due to second wave of COVID-19 Pandemic. Many establishments are temporarily closed and workers are unable to work. In line with the relief measures being extended by Government to business entities and [&...

Read More

COVID-19 facility Dashboard for ESIC Hospitals

Corporate Law - ESIC, under Ministry of Labour & Employment, in its endeavour to fulfil its social responsibility has taken another step to enhancecitizen centricservices and dissemination of information during the current pandemic.The need of the hour is to increase the number of beds for COVID care. ...

Read More

Measures taken by ESIC during recent surge of COVID-19 pandemic

Corporate Law - To deal with the resurgence of COVID-19 Pandemic, the Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment has undertaken multiple steps to cater to its Stakeholders as well as general public.  ...

Read More

Provisions of ESI Act applicable to BCCI as its activities are commercial in nature

Board of Control for Cricket in India Vs Regional Director Employees State Insurance Corporation (Bombay High Court) - Since the nature of activities conducted by the Board Of Control for Cricket in India were commercial activities, therefore, the appellant Board was covered by the provisions of ESIC Act and was liable to pay ESI contribution on the wages paid to the coverable employees....

Read More

Delay in depositing employee’s contribution to PF – ITAT refers matter back to CIT(A)

Soul Clothing Pvt. Ltd. Vs DCIT (ITAT Surat) - Soul Clothing Pvt. Ltd. Vs DCIT (ITAT Surat) We note that the issue involved in the present appeal of assessee is covered against the assessee, as the assessee has not deposited Employees Provident Fund (EPF) with the prescribed authority within stipulated time, therefore as per the judgment of the ...

Read More

Amendment to Section 36(1)(va) & 43B by Finance Act, 2021 applicable from AY 2021-22

Suman Solanki Vs DCIT (ITAT Jaipur) - Suman Solanki Vs DCIT (ITAT Jaipur) In the instant case, admittedly and undisputedly, the employees’ contribution to ESI and PF collected by the assessee from its employees have been deposited well before the due date of filing of return of income u/s 139(1) of the Act. Further, the ld D/R has re...

Read More

Prior to AY 2021-22 Employee’s contribution to PF deposited before due date of filing of ITR allowable

Sandeep Kumar Agarwal Vs ADIT (ITAT Delhi) - Sandeep Kumar Agarwal Vs ADIT (ITAT Delhi) ITAT held that Prior to AY 2021-22 deduction in respect of employees contribution towards EPF & ESIC would be allowable to assessee-employer even if same was paid after due date specified under EPF & ESIC acts but before due date of filing of Income...

Read More

Amendment to Sec 36(1)(Va) & 43B by Finance Act, 2021 not applicable to AY 2019-20

Sattva Media and Consulting Pvt. Ltd Vs DCIT (ITAT Bangalore) - Sattva Media and Consulting Pvt. Ltd Vs DCIT (ITAT Bangalore) In view of the judicial pronouncements in case of Essae Taroka (P.) Ltd. reported in (2014) 266 CTR 246 and Spectrum Consultants India (P.) Ltd. reported in (2013) 266 CTR 94, ITAT hold that the amendment to section 36(1)(va) and 43B of t...

Read More

Relaxation of time limit for depositing and filing ESI Contribution

No. P-11/12/Misc./1/2019(M)-Rev.II   - (13/04/2022) - Keeping in view the problems being faced by the Employers in depositing ESI contribution for the contribution period March 2022, the Director General in exercise of powers vested under Regulation 100 has relaxed the provision as entered in Regulations 26 & 31 of the Employees' State Insurance (Gener...

Read More

Eligibility condition of ESIC COVID-19 RELIEF SCHEME relaxed

Notification No. N-12/13/01/2019-P&D - (22/03/2022) - The deceased Insured Person must have been in employment on the date of diagnosis of COVID-19 disease and contributions for at least 35 days should have been paid or payable in respect of him/her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in...

Read More

Draft Employees’ State Insurance (Central) Amendment Rules, 2022

Notification No. G.S.R. 152(E) - (24/02/2022) - Provided that an Insured Women shall be eligible to claim maternity benefit for a confinement occurring or expected to occur in the benefit period January 2021-June 2021 if contributions in respect of her were payable for not less than 35 days in the immediately preceding two consecutive contributio...

Read More

Conditions for ESIC COVID-19 Relief Scheme relaxed

Notification No. N-12/13/01/2019-P&D - (01/02/2022) - The deceased Insured Person must have been in employment on the date of diagnosis of COVID19 disease and contributions for at least 35 days should have been paid or payable in respect of him / her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting i...

Read More

Conveyance allowance will not be a ‘wage’ under ESI Act: ESIC

No. T-11/13/56/02/2020 Rev.II - (08/11/2021) - Hon'ble Supreme Court, in M/s Texmo Industries Vs. ESIC held that the payment of Conveyance Allowance on the fact of present case does not fall under the definition of term 'wages' as defined in section 2(22) of the ESI Act....

Read More

Recent Posts in "ESIC"

India Payroll Taxes: 2022 Update

With almost 1.4 billion residents, India is slowly overtaking China as the country with the most population in the world. The private sector is quickly expanding and tightening the ties with the developed economies, becoming a hot destination for multinational companies seeking to expand to new markets....

Read More
Posted Under: Corporate Law |

Monthly (July 2022) Legal Obligations for India

Monthly (June 2022) Legal Obligations + Legal updates  for India under Income Tax Act, 1961,  Goods and Services Tax (GST) 2017, FEMA, 1999, ESI, 1948, Provident Fund, 1952, Companies Act, 2013, LLP Act 2008. Monthly (July 2022) Legal Obligations + Legal updates  for India (A) Monthly (July 2022) Legal Obligations for India (I) Income ...

Read More
Posted Under: Corporate Law |

Provisions of ESI Act applicable to BCCI as its activities are commercial in nature

Board of Control for Cricket in India Vs Regional Director Employees State Insurance Corporation (Bombay High Court)

Since the nature of activities conducted by the Board Of Control for Cricket in India were commercial activities, therefore, the appellant Board was covered by the provisions of ESIC Act and was liable to pay ESI contribution on the wages paid to the coverable employees....

Read More

Delay in depositing employee’s contribution to PF – ITAT refers matter back to CIT(A)

Soul Clothing Pvt. Ltd. Vs DCIT (ITAT Surat)

Soul Clothing Pvt. Ltd. Vs DCIT (ITAT Surat) We note that the issue involved in the present appeal of assessee is covered against the assessee, as the assessee has not deposited Employees Provident Fund (EPF) with the prescribed authority within stipulated time, therefore as per the judgment of the Hon’ble Gujarat High Court in the ...

Read More

Amendment to Section 36(1)(va) & 43B by Finance Act, 2021 applicable from AY 2021-22

Suman Solanki Vs DCIT (ITAT Jaipur)

Suman Solanki Vs DCIT (ITAT Jaipur) In the instant case, admittedly and undisputedly, the employees’ contribution to ESI and PF collected by the assessee from its employees have been deposited well before the due date of filing of return of income u/s 139(1) of the Act. Further, the ld D/R has referred to the explanation to […]...

Read More

Prior to AY 2021-22 Employee’s contribution to PF deposited before due date of filing of ITR allowable

Sandeep Kumar Agarwal Vs ADIT (ITAT Delhi)

Sandeep Kumar Agarwal Vs ADIT (ITAT Delhi) ITAT held that Prior to AY 2021-22 deduction in respect of employees contribution towards EPF & ESIC would be allowable to assessee-employer even if same was paid after due date specified under EPF & ESIC acts but before due date of filing of Income Tax return  FULL TEXT […]...

Read More

Amendment to Sec 36(1)(Va) & 43B by Finance Act, 2021 not applicable to AY 2019-20

Sattva Media and Consulting Pvt. Ltd Vs DCIT (ITAT Bangalore)

Sattva Media and Consulting Pvt. Ltd Vs DCIT (ITAT Bangalore) In view of the judicial pronouncements in case of Essae Taroka (P.) Ltd. reported in (2014) 266 CTR 246 and Spectrum Consultants India (P.) Ltd. reported in (2013) 266 CTR 94, ITAT hold that the amendment to section 36(1)(va) and 43B of the I.T. Act […]...

Read More

Amendment to Section 36(1)(Va) vide Finance Act, 2021 is Prospective

Nakoda Ispat Ltd. Vs DCIT (ITAT Raipur)

Nakoda Ispat Ltd. Vs DCIT (ITAT Raipur) Admittedly and undisputedly, the employees’s contribution to ESI and PF which have been collected by the assessee from its employees have thus been deposited well before the due date of filing of return of income u/s 139(1) of the Act. Till this provision is enacted in as the […]...

Read More

Employees’ contribution to PF & ESI allowable if paid before due date of filing income Tax Return

Methods (India) Pvt. Ltd. Vs DCIT (ITAT Bangalore)

Methods (India) Pvt. Ltd. Vs DCIT (ITAT Bangalore) Karnataka High Court in the case of Essae Teraoka Pvt. Ltd Vs. DCIT (supra)¸ had held that the assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return […]...

Read More

Compliance Calendar for the Month of June, 2022

Owning a Business comes with a lot of responsibilities and duties. As a law abide citizen one must follow the rules and regulations set out by the Government. In India, there are quite a few compliance that a business must follow in order to keep running the business. The Month of June is full of […]...

Read More
Posted Under: Corporate Law |

Browse All Categories

CA, CS, CMA (6,098)
Company Law (8,411)
Corporate Law (10,353)
Custom Duty (9,332)
DGFT (4,823)
Excise Duty (4,785)
Fema / RBI (5,246)
Finance (5,632)
Income Tax (41,951)
SEBI (4,527)
Service Tax (4,000)