ESIC Payment Challan

By | April 9, 2024

ESIC Payment Challan

ESIC Payment Challan

Employers use the  ESIC payment challan to deposit their ESIC contributions with the designated bank.

It serves as proof of payment and contains essential details such as the employer’s name, address, ESIC code, the amount to be deposited, and the period for which the payment is being made on ESIC portal.

 

Purpose:

  • The primary purpose of the ESIC online payment is to facilitate the collection of contributions from employers towards the ESIC scheme.
  • It ensures that employers comply with the legal obligation of contributing towards the welfare of their employees under the ESI Act, 1948.

 

Components:

  • Employer Details: The name, address, and other identification details of the employer.
  • ESIC Code: A unique code assigned to each employer by the ESIC.
  • Contribution Period: The period for which the contribution is being made, typically monthly.
  • Employee Details: Total number of employees for whom contributions are being made.
  • Contribution Amount: The total amount to be deposit, calculated based on the wages of covered employees.

Visit for more information:  https://www.esic.gov.in/

 

Significance of ESIC Payment Challan:

1. Compliance:

ESIC payment ensures that employers comply with ESIC regulations by submitting their contributions within the stipulated time frame.

2. Record Keeping:

It serves as a record of ESIC payment made by the employer, aiding in audits and legal compliance.

3. Employee Benefits:

Timely submission of ESIC contributions through the Challan ensures that employees receive uninterrupted access to healthcare and other benefits under the ESIC scheme.

 

Process of Generating ESIC Payment Challan on ESIC portal:

1. Registration:

Employers must first register themselves on the ESIC portal to generate the Payment Challan. This involves providing details such as company name, address, ESIC code, etc.

2. Contribution Period Selection:

Employers need to select the contribution period for which they are making payments.

3. Calculation of Contribution:

ESIC contributions are calculated based on the wages paid to employees during the contribution period.

4. Generation of Challan:

Employers can generate the ESIC Payment Challan from the ESIC portal once they calculate the contribution amount.

5. Payment:

After generating the Challan, employers can make the payment through various online and offline modes like net banking, debit/credit card, or through designated bank branches.

6. Acknowledgment:

Upon successful payment, employers receive an acknowledgment in the form of a receipt or confirmation on the ESIC home portal.

7. ESIC Offices:

Employers can also visit the nearest ESIC office to obtain the payment challan manually. ESIC officials can help fill out the challan accurately to prevent any errors

 

Penalties for Non-Compliance:

  • Failure to submit ESIC contributions within the specified timelines can lead to penalties and legal repercussions.
  • Penalties may include interest on delayed payments, fines, and even prosecution under the ESI Act.

 

FAQs on ESIC Payment Challan:

 

1. What is an ESIC Payment Challan?

Ans: Employers use an ESIC Payment Challan to deposit their contributions towards the Employees’ State Insurance Corporation (ESIC) fund, which provides healthcare and social security benefits to employees.

2. Who needs to fill out an ESIC online Payment Challan?

Ans: Employers who are covered under the Employees’ State Insurance Act, 1948, need to fill out and submit ESIC online payment.

3. What information is require to fill out an ESIC Payment Challan?

Ans: Essential details such as the employer’s name, address, ESIC code, contribution period, and the amount to be deposited are required.

4. How often should ESIC Payment Challans be submit?

Ans: ESIC Payment Challans should be submitted monthly within the specified timelines.

5. What happens if an employer fails to submit ESIC Payment Challans on time?

Ans: Late submissions may attract penalties, and non-compliance can lead to legal consequences.

6. Where can employers obtain ESIC Payment Challans?

Ans: Employers can generate ESIC Payment Challans online through the ESIC portal or obtain them from ESIC offices.

7. Can ESIC Payment Challans be paid online?

Ans: Yes, employers can make payments online through various banking channels or through direct deposit.

8. What is the purpose of ESIC contributions?

Ans: ESIC contributions fund healthcare benefits and social security measures for employees and their dependents during times of illness, injury, or maternity.

9. Is it necessary to keep records of ESIC Payment Challans?

Ans: Yes, employers should maintain systematic records of all ESIC Payment Challans for future reference and audit purposes.

10. Who oversees the submission of ESIC Payment Challans?

Ans: The Employees’ State Insurance Corporation (ESIC) oversees the submission and processing of ESIC Payment Challans

 

 

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