Hello HR Folks, Could any one explain me what is contribution period and what is benefit periods of ESIC please.
From India, Hyderabad
6From India, Hyderabad
Dear Ashok,
Greetings for the day,
For contribution period- 01st April-30th Sept., the benefit period should be 01st Oct. to 31 st Mar. & for contribution period 01st Oct.- 31st Mar.- the benefit period should be 01st April to 31st Sept.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
For contribution period- 01st April-30th Sept., the benefit period should be 01st Oct. to 31 st Mar. & for contribution period 01st Oct.- 31st Mar.- the benefit period should be 01st April to 31st Sept.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Sir(s), Please see Regulation 4 of ESI (General) Regulations, 1952 which defines Contribution and Benefit Periods.
From India, Noida
From India, Noida
Dear Mr Ashok,
Please note that two contribution periods are provided in the scheme i.e. 1st April - 30th September and 1st October - 31st March each year. Similarly the benefits periods are from 1st July - 31st December and 1st January - 30th June each year.
You may be aware that an IP get benefits under general sickness (except accident cases) based on the contribution so remitted in the preceding contribution period.
P k Sharma
From India, Delhi
Please note that two contribution periods are provided in the scheme i.e. 1st April - 30th September and 1st October - 31st March each year. Similarly the benefits periods are from 1st July - 31st December and 1st January - 30th June each year.
You may be aware that an IP get benefits under general sickness (except accident cases) based on the contribution so remitted in the preceding contribution period.
P k Sharma
From India, Delhi
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