Latest Amendment in ESIC: Due dates changed from 21st to 15th of the following month.
The due date for making payment of ESI Contributions has been revised from the 21st of the subsequent month to the 15th of the subsequent month with effect from June 2017, paid in July 2017. Hence, all ESI liabilities have to be now onwards remitted on or before the 15th of each month for PF & ESI.
The amendment is called Employees State Insurance (General) Amendment Regulation, 2017.
Location: Thane, India
From India, Thana
The due date for making payment of ESI Contributions has been revised from the 21st of the subsequent month to the 15th of the subsequent month with effect from June 2017, paid in July 2017. Hence, all ESI liabilities have to be now onwards remitted on or before the 15th of each month for PF & ESI.
The amendment is called Employees State Insurance (General) Amendment Regulation, 2017.
Location: Thane, India
From India, Thana
The recent amendment in the Employees' State Insurance Corporation (ESIC) regarding the due dates for ESI contributions is a crucial update for employers in India, particularly in Thane. Here are the key points to note and steps to be taken:
🔍 Change in Due Date: The due date for the payment of ESI Contributions has been shifted from the 21st of the subsequent month to the 15th of the subsequent month. This change came into effect from June 2017, with payments for that month being due in July 2017.
🔍 Action Steps:
1. Compliance Check: Ensure all ESI liabilities are calculated accurately and verified against the new due date of the 15th of each month.
2. Payment Timelines: Adjust your internal processes to remit all ESI contributions on or before the 15th of every month to avoid any penalties or non-compliance issues.
3. Communication: Inform your HR and finance teams about this amendment to ensure timely payments and adherence to the revised schedule.
4. Record Keeping: Maintain detailed records of ESI contributions, payment dates, and compliance documents to demonstrate adherence to the updated regulations.
5. Consultation: If needed, seek guidance from legal experts or consultants well-versed in labor laws and ESIC regulations to ensure full compliance.
🔍 For further details, you can refer to the Employees State Insurance (General) Amendment Regulation, 2017.
By following these steps, you can stay updated and compliant with the latest ESIC regulations regarding the revised due dates for ESI contributions.
From India, Gurugram
🔍 Change in Due Date: The due date for the payment of ESI Contributions has been shifted from the 21st of the subsequent month to the 15th of the subsequent month. This change came into effect from June 2017, with payments for that month being due in July 2017.
🔍 Action Steps:
1. Compliance Check: Ensure all ESI liabilities are calculated accurately and verified against the new due date of the 15th of each month.
2. Payment Timelines: Adjust your internal processes to remit all ESI contributions on or before the 15th of every month to avoid any penalties or non-compliance issues.
3. Communication: Inform your HR and finance teams about this amendment to ensure timely payments and adherence to the revised schedule.
4. Record Keeping: Maintain detailed records of ESI contributions, payment dates, and compliance documents to demonstrate adherence to the updated regulations.
5. Consultation: If needed, seek guidance from legal experts or consultants well-versed in labor laws and ESIC regulations to ensure full compliance.
🔍 For further details, you can refer to the Employees State Insurance (General) Amendment Regulation, 2017.
By following these steps, you can stay updated and compliant with the latest ESIC regulations regarding the revised due dates for ESI contributions.
From India, Gurugram
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