ESIC

Scheme for Promoting Registration of Employers & Employees

Corporate Law - This is one time opportunity to all the Employers to register themselves/ their business and employees to avoid attracting hefty penalties under the provisions of the ESI Act 1948, who have not yet registered. The advantage of the Scheme to the Employers is that those Registered during the period...

Read More

Acche Din for those earning upto Rs. 21000 per month

Corporate Law - The Employees’ State Insurance Corporation (ESIC) has taken one more step toward acche din for those who are earning Rs. 21000 per month alongwith improved medical facilities including telemedicine services. In a recent meeting held, the ESIC board has decided to raise the monthly wages threshold to Rs 21,000, from the current Rs 1...

Read More

ESIC Act, 1948- Applicability, Wages and Contribution

Corporate Law - An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due. The Corporation has authorized designated b...

Read More

Payroll: What are your (Employer’s) responsibilities?

Corporate Law - Salary structure of employees need to be defined with an aim of providing maximum tax benefits to the employees. Indian Income Tax Act provides for very less tax benefits making the major portion of the salary as taxable. This makes it all the more important for the employer to explore all possibilities for minimum tax and then decide the...

Read More

How to Register under Employees' State Insurance Act, 1948

Corporate Law - Procedure for Registration of Factories under Employees' State Insurance Act, 1948- Ascertain whether your factory / establishment is situated within the area of implementation by ESIC (Implemented area). Regional Office, Sub Regional Office, Branch Offices, and Inspectorates Office of ESIC will guide you, on this matter, if contacted. ...

Read More

Major Achievements of Ministry of Labour & Employment for 2016

Corporate Law - The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker....

Read More

Limit for Coverage under ESIC & More Sectors under ESIC & EPF

Corporate Law - Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. 21,000/- pm....

Read More

Contribution under ESI Act, 1948 is not an interest-bearing deposit

Corporate Law - The contribution payable under Employees'' State Insurance (ESI) Act, 1948 is not an interest-bearing deposit. The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) in its 211th meeting held on 16.02.2016 has proposed an interim rate of interest at 8.80 per cent to be credited to the accounts of Employees’ Provident Fun...

Read More

Single Online Common Return under 8 Central Labour Acts / Rules

Corporate Law - Facility for Filing Online Single Return to be Launched Tomorrow The facility for filing Single Online Common Return under 8 Central Labour Acts / Rules on the ShramSuvidha Portal will be launched tomorrow. This service will reduce the transaction costs of business and make it easy and convenient to meet their obligations....

Read More

Labour ministry may oppose the imposition of Service Tax on ESIC

Corporate Law - A service tax demand on the Employees’ State Insurance Corporation may bring the labour ministry and the finance ministry on collision course, less than a year after they locked horns over a similar demand on provident fund payments. The revenue depa...

Read More

Deduction u/s 43B for EPF / ESIC paid after due date

M.V.S Engineering Ltd Vs The CIT (Delhi High Court) - In this case high court held that payment of employees contribution under the Employees Provident Fund and Misc. Provision Act, 1952 and the Employees State Insurance Act, 1948 is allowable if paid before the due date of filing Income Tax Return or filing of Income Tax Return whichever is earlier e...

Read More

Casual workers covered in employee under ESI Act 1948- SC

Royal Western India Turf Club Ltd. Vs E.S.I. Corporation & Ors. (Supreme Court of India) - A person who is employed for wages in the factory or establishment, on any work of, or incidental or preliminary to or connected with the work is covered. The definition brings various types of employees within its purview....

Read More

ESIC Act 1948 Power to reduce imprisonment not extended to fine: SC

Employees State Insurance Corporation Vs A.K. Abdul Samad & Anr. (Supreme Court of India) - SC held that object of creating offence and penalty under the Employees’ State Insurance Act, 1948 is clearly to create deterrence against violation of provisions of the act which are beneficial for the employees....

Read More

Employees’ PF/ ESI Contribution not covered by Section 43B

Commissioner of Income Tax II Vs Gujarat State Road Transport Corporation (Gujarat High Court at Ahmedabad): Tax Appeal No. 637 of 2013 - Section 43B which permits a deduction for payments made upto the due date for filing the ROI applies only to the employer’s contribution to the provident fund etc. It does not apply to the employees’ contribution. ...

Read More

Workers of contractor not eligible for ESI benefits

The Managing Director, Hassan Co- operative Milk Producer's Society Union Limited Vs The Assistant Regional Director Employees State Insurance Corporation (Supreme Court of India) - The workers of a contractor engaged by an establishment do not get the benefits of the Employees State Insurance Corporation Act, the Supreme Court stated last week in the judgment, Managing Director, Hassan Co-operative Milk Producer's Society Union Ltd vs ESI Assistant Regional Director....

Read More

ESIC payment due date pre-poned to 15th of following month

No. N-12/13/1/2016-P&D - (01/07/2017) - Now due date for payment of ESIC is not within 21 days of following month, but within 15 days of following month.Regulation 31 stands amended whereby the contribution in respect of any employee shall be paid within 15 days of the last day of the calender month in which the contributions fall due. Th...

Read More

Cover employees covered under ESIC but not under EPFO

No. CAIU/011(67)2016/EPFO-ESICDATA - (16/01/2017) - All employees registered with ESIC but not covered with EPFO must be brought under the coverage of EPFO as per due procedure....

Read More

Salary limit for ESI Applicability increased to Rs. 21000

Notification No. G.S.R. 1166(E) - (22/12/2016) - In Employees’ State Insurance (Central) Rules, 1950, in rule 50, for words fifteen thousand rupees occurring at both places, words twenty one thousand rupees shall be substituted....

Read More

ESIC: Employees & Employers Contribution rate reduced to 1% & 3%

No.: I-11/15/10/2016-ICT - (15/12/2016) - ICT Division has taken up the matter for necessary modification in the application to accommodate the calculation of the contribution at the reduced rates in the first time implemented areas. However, due to technical reasons the modification in the software is taking some time....

Read More

ESIC – No Need to Submit Hard Copy of Returns from March 2012

Notification No. G-32/11/6/31/2012/DIR-ICT/Misc - (25/04/2012) - it has been decided by Hqrs Office that for the Contribution Period Ending March 2012 also employers are not required to submit the hard or soft copies of Return of Contributions. The copy of the letter no 67/Dir/Misc/SPOC-REV dated 8/11/2011 is also being attached for necessary action. ...

Read More

Recent Posts in "ESIC"

ESIC payment due date pre-poned to 15th of following month

No. N-12/13/1/2016-P&D (01/07/2017)

Now due date for payment of ESIC is not within 21 days of following month, but within 15 days of following month.Regulation 31 stands amended whereby the contribution in respect of any employee shall be paid within 15 days of the last day of the calender month in which the contributions fall due. This shall […]...

Read More

Deduction u/s 43B for EPF / ESIC paid after due date

M.V.S Engineering Ltd Vs The CIT (Delhi High Court)

In this case high court held that payment of employees contribution under the Employees Provident Fund and Misc. Provision Act, 1952 and the Employees State Insurance Act, 1948 is allowable if paid before the due date of filing Income Tax Return or filing of Income Tax Return whichever is earlier even if the same is paid after the due da...

Read More

Cover employees covered under ESIC but not under EPFO

No. CAIU/011(67)2016/EPFO-ESICDATA (16/01/2017)

All employees registered with ESIC but not covered with EPFO must be brought under the coverage of EPFO as per due procedure....

Read More

Scheme for Promoting Registration of Employers & Employees

This is one time opportunity to all the Employers to register themselves/ their business and employees to avoid attracting hefty penalties under the provisions of the ESI Act 1948, who have not yet registered. The advantage of the Scheme to the Employers is that those Registered during the period...

Read More
Posted Under: Income Tax |

Major Achievements of Ministry of Labour & Employment for 2016

The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker....

Read More
Posted Under: Income Tax |

Salary limit for ESI Applicability increased to Rs. 21000

Notification No. G.S.R. 1166(E) (22/12/2016)

In Employees’ State Insurance (Central) Rules, 1950, in rule 50, for words fifteen thousand rupees occurring at both places, words twenty one thousand rupees shall be substituted....

Read More

ESIC: Employees & Employers Contribution rate reduced to 1% & 3%

No.: I-11/15/10/2016-ICT (15/12/2016)

ICT Division has taken up the matter for necessary modification in the application to accommodate the calculation of the contribution at the reduced rates in the first time implemented areas. However, due to technical reasons the modification in the software is taking some time....

Read More

Limit for Coverage under ESIC & More Sectors under ESIC & EPF

Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. 21,000/- pm....

Read More
Posted Under: Income Tax |

Acche Din for those earning upto Rs. 21000 per month

The Employees’ State Insurance Corporation (ESIC) has taken one more step toward acche din for those who are earning Rs. 21000 per month alongwith improved medical facilities including telemedicine services. In a recent meeting held, the ESIC board has decided to raise the monthly wages threshold to Rs 21,000, from the current Rs 1...

Read More
Posted Under: Income Tax | ,

Contribution under ESI Act, 1948 is not an interest-bearing deposit

The contribution payable under Employees'' State Insurance (ESI) Act, 1948 is not an interest-bearing deposit. The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) in its 211th meeting held on 16.02.2016 has proposed an interim rate of interest at 8.80 per cent to be credited to the accounts of Employees’ Provident Fun...

Read More
Posted Under: Income Tax |
Page 1 of 3123

Browse All Categories

CA, CS, CMA (3,455)
Company Law (3,352)
Custom Duty (6,582)
DGFT (3,420)
Excise Duty (4,040)
Fema / RBI (3,238)
Finance (3,421)
Income Tax (24,919)
SEBI (2,722)
Service Tax (3,278)

Search Posts by Date

August 2017
M T W T F S S
« Jul    
 123456
78910111213
14151617181920
21222324252627
28293031