The Employees’ State Insurance Corporation (ESIC) is a statutory body established by the Indian government to provide social security benefits to employees in the organized sector. The ESIC payment due date for the financial year 2019-20 is 15th of the following month. This means that employers must make their ESIC payments by the 15th of the month following the month in which the wages were paid. This payment due date applies to all employers who are registered with the ESIC and are liable to make ESIC payments. It is important for employers to adhere to this payment due date in order to avoid any penalties or fines.
ESIC Payment Due Date 2019-20 is 15th of Following Month
The due date for the ESIC payment for the financial year 2019-20 is 15th of the following month. For example, if the payment is due in April, then the due date would be 15th of May.
The ESIC payment due date is 15th of every following month, every employer has to make ESIC contributions payments on or before 15th of every following month. If any employer fails to file ESIC returns payment on right time then they have to pay the interest. Here you can find the ESIC due date circular and also know the details of ESIC late payment interest and ESI due date grace period.
ESIC due date change notification/circular
Interest on the delay of ESI returns payment
If the employer doesn’t make the ESIC remittance on or before the due date then they have to pay the penalty. In general, the penalty on late payment of ESI will be 12% of simple interest per annum. But you don’t need to calculate the penalty on late payment of ESI contributions. You can easily find it online and you can also pay it online.
Also Read: How to make ESIC online payment
ESIC due date grace period
At present there is no grace period, every employer has to make the ESIC remittance payments on stipulated time, i.e on or before 15th of every next month.
How to pay interest for delay payment of ESI
Step 1:- Login to employer ESIC portal with establishment user ID and password.
Step 2:- Under the monthly contribution section, there is an option called interest for delay payment, now click on that. Now you can find total interest amount pending due to late ESIC payments.
Step 3:- Now click on submit and choose the bank for the transaction and make the payment. Note: You can make online payment either with State Bank of India or Bank of Baroda.
Are ESIC and PF due dates are same
Yes, the due date for payments of ESIC and PF are same, every employer has to make the PF and ESIC payments within 15 days after completion of every month, otherwise, they will be charged with penalties.
ESI, PF & TDS due dates
How can an employee check whether the employer has paid ESIC contribution or not
Every employee can check how much contribution their employer has made toward ESIC in IP portal.
Step 1:- To find the contribution amount go to ESIC IP Portal ( works only in Mozilla Firefox or Internet Explorer).
Step 2:- Now enter your ESIC IP number and captcha appearing on the screen and click on login.
Step 3:- Now in home page click on the contribution details, which will appear under the employee section. Once you click on contribution details then you will find your ESIC contributions for the periods April to September and October to March.
The Employees’ State Insurance Corporation (ESIC) payment due date for 2019-20 is 15th of the following month. This means that the payment for the month of January 2020 should be made by 15th February 2020. The payment due date for the subsequent months will be the 15th of the following month.
The Employees’ State Insurance Corporation (ESIC) is a statutory body constituted under the Employees’ State Insurance Act, 1948. It provides social security benefits like medical care and cash benefits to employees in the organized sector. The ESIC is funded by contributions from employers and employees.
The ESIC payment due date is important for employers and employees to ensure that the payment is made on time. Late payment of ESIC contributions can lead to penalties and other legal implications. Therefore, it is important to ensure that the payment is made on or before the due date.
Employers and employees should also be aware of the other important dates related to ESIC payments. These include the date of filing of returns, the date of payment of contributions, the date of payment of interest, and the date of payment of penalties.
It is important to note that the ESIC payment due date is applicable only to employees in the organized sector. Employees in the unorganized sector are not eligible for ESIC benefits.
The Employees’ State Insurance Corporation (ESIC) payment due date for 2019-20 is 15th of the following month. It is important for employers and employees to ensure that the payment is made on or before the due date to avoid any penalties or legal implications.