Relaxation of time limit for depositing August ESI contribution

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Relaxation of time limit for depositing August ESI contribution

Introduction- The Employees’ State Insurance Act incorporates a number of sections, these sections provide for medical benefits and insurance for any employees working under factories registered under the ESI Corporation. We are sharing the latest ESIC official notification on Relaxation of time limit for depositing August ESI contribution.

Brief about the Act

Employees’ State Insurance Corporation (abbreviated as ESIC) is one of the two main statutory social security bodies under the ownership of Ministry of Labour and EmploymentGovernment of India, the other being the Employees’ Provident Fund Organization. The fund is managed by the ESIC according to rules stipulated in the ESI Act 1948.

Application and scope of the Act

The Employees’ State Insurance Act, 1948 (ESI), enables the financial backing and support to the working class in times of medical distress such as:

  • Sickness.
  • Maternity Leave.
  • Disorders(mental or physical).
  • Disability.
  • Death.

It is a self-financed initiative, which serves as a type of social security scheme, to prevent the working class from any financial problems arising out of the above medical issues.

Notification-

Employees State Insurance Corporation has relaxed the time limit for depositing the contributions for the month of August 2022 till the 22nd September 2022 instead of 15th September 2022.

Please refer to the circular for more details.relaxations-of-time-limit-for-depositing-the-monthly-contributions-under-esi.

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