The Employees State Insurance Scheme is a scheme under the Employees State Insurance act 1948. Its main aim is to protect the employees and help them and their families at the time of medical emergencies.
- It covers medical impacts during sickness, maternity, disability, and death due to employment injury and provides medical care to insured persons and their families.
- Any company or organization that has 10 or more employees is entitled to the Employees State Insurance scheme.
CONTRIBUTION TO THE SCHEME-
- The contribution to such a scheme is made by both the employee and the employer.
- The employer contributes 4.75 % of the wages paid to the employee. The employee contributes to 1.75 % of the wages received by them.
EXTENSION OF THE DUE DATES-
Initially, the due date to file the return under the Employees State Insurance Scheme was May 15th. But seeing the current situation, the government has now extended the due date to file the return by a month, that is to 15th June.
- The Ministry said that as the country is dealing with the pandemic and lockdown is prevailing all over the country many employees are unable to work. For them, the government has issued some relaxation.
- According to the ESIC, there are about 3 crores of people insured under the Employees State Insurance Scheme and about 12 crores people are benefited from this scheme, considering the families of the employees.
“In line with the relief measures being extended by the central government to business entities and workers, Employees’ State Insurance Corporation (ESIC) has relaxed the provision as entered in Regulation 31 of ESI (General) Regulations, 1950 and allowed the filing of ESI contribution for the month of April 2021 up to 15th June 2021 instead of 15th May 2021,” said the Ministry of Labor And Employment.