The Employees’ State Insurance Corporation vide its circular dated 13th April 2020 has extended the last date for depositing contribution in Employees’ State Insurance (ESI) scheme for the months of February to 15th May 2020, to reduce the burden from Corona Lockdown.
The benefits provided under the ESI Act are funded by the contributions made by the employers and the employees. The Regulation 31, which deals with the “Time for payment of contribution” of the Employees’ State Insurance (General) Regulations, 1950 have been relaxed, stating that the time limit for payment of contribution shall be 75 days for the contribution period instead of 45 days for the month of February 2020 only.
Further, no penalty or interest or damage will be levied on establishments during the extended period.
Click here to read the Circular.
