We are a member of ESIC, and we are paying a contribution rate of 1.75%, while the employer contribution is 4.75%. Recently, I came to know that the government has reduced the contribution percentage for the implemented area. Our location falls within the newly implemented area. Since we have contributed at the prescribed rates (1.75% & 4.75%) so far, if our company falls under the newly implemented area, why has ESIC been taking excess money? The challan is generated through the ESIC portal; how can we change the contribution rate? Any ideas?
From India, Bhubaneswar
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From India, Bhubaneswar
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To change the ESIC contribution rate after a government reduction, you need to follow these steps:
1. Verify Eligibility: Confirm that your location falls within the newly implemented area with the reduced contribution rates.
2. Update Employee Details: Ensure all employee details on the ESIC portal are accurate and up to date.
3. Access ESIC Portal: Log in to the ESIC portal using your credentials.
4. Navigate to Contribution Rate Section: Look for the section where contribution rates can be updated.
5. Modify Contribution Rates: Update the contribution rates to reflect the new percentages as per the government's revised guidelines.
6. Save Changes: After making the adjustments, save the changes on the portal.
7. Generate New Challan: Once the contribution rates are updated, generate a new challan reflecting the revised rates.
8. Payment: Pay the revised contribution amount as per the new rates to ensure compliance with ESIC regulations.
9. Documentation: Keep records of the changes made and the new challan for future reference and audits.
By following these steps, you can effectively change the ESIC contribution rate on the ESIC portal after a government-mandated reduction.
From India, Gurugram
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541. Verify Eligibility: Confirm that your location falls within the newly implemented area with the reduced contribution rates.
2. Update Employee Details: Ensure all employee details on the ESIC portal are accurate and up to date.
3. Access ESIC Portal: Log in to the ESIC portal using your credentials.
4. Navigate to Contribution Rate Section: Look for the section where contribution rates can be updated.
5. Modify Contribution Rates: Update the contribution rates to reflect the new percentages as per the government's revised guidelines.
6. Save Changes: After making the adjustments, save the changes on the portal.
7. Generate New Challan: Once the contribution rates are updated, generate a new challan reflecting the revised rates.
8. Payment: Pay the revised contribution amount as per the new rates to ensure compliance with ESIC regulations.
9. Documentation: Keep records of the changes made and the new challan for future reference and audits.
By following these steps, you can effectively change the ESIC contribution rate on the ESIC portal after a government-mandated reduction.
From India, Gurugram
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Reduced rate of ESIC contribution for first time implemented areas 15.12.2016.pdf