i am going to register under esic act for labour supplier but there is advance contribution of rs 41168. But what is future benefit of this advance contribution. how to utilized this.
From India, Pune
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From India, Pune
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Dear Hundareb@Yahoo.Com,
Certain categories of employers, such as labour suppliers, labour contractors, security contractors, etc., are required to pay ESI contributions for the next 6 months in advance when they apply for registration under ESIS. This amount paid in advance is adjusted against the actual contributions payable thereafter in subsequent months. Unless this payment is made, an ESI code is not allotted.
From India, Mumbai
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2584Certain categories of employers, such as labour suppliers, labour contractors, security contractors, etc., are required to pay ESI contributions for the next 6 months in advance when they apply for registration under ESIS. This amount paid in advance is adjusted against the actual contributions payable thereafter in subsequent months. Unless this payment is made, an ESI code is not allotted.
From India, Mumbai
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ESIC-Contributi on-Transfer-For m.pdf