ESIC fixes target contribution income for the financial year 2021-21

The Employees State Insurance Corporation through circular dated 07.05.2021 has issued the target of contribution income for the financial year 2021-21. ESIC, after considering the special measures taken on recovery of old arrears, has fixed the target of contribution income for the financial year 2021-21 as Rs.14500. The authorities are directed to closely monitor the compliance by major employers and to accelerate the pace of the recovery action against defaulters.