Hello HR Folks, Could any one explain me what is contribution period and what is benefit periods of ESIC please.
From India, Hyderabad
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6From India, Hyderabad
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Dear Ashok, Greetings for the day. For the contribution period of 1st April to 30th September, the benefit period should be from 1st October to 31st March. Similarly, for the contribution period of 1st October to 31st March, the benefit period should be from 1st April to 30th September.
Thanks & Regards, Sumit Kumar Saxena
From India, Ghaziabad
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Thanks & Regards, Sumit Kumar Saxena
From India, Ghaziabad
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Sir(s), Please see Regulation 4 of ESI (General) Regulations, 1952 which defines Contribution and Benefit Periods.
From India, Noida
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From India, Noida
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Please note that two contribution periods are provided in the scheme, i.e., 1st April - 30th September and 1st October - 31st March each year. Similarly, the benefit periods are from 1st July - 31st December and 1st January - 30th June each year.
You may be aware that an individual participating in the scheme receives benefits under general sickness (except for accident cases) based on the contributions made in the preceding contribution period.
Regards,
P. K. Sharma
From India, Delhi
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You may be aware that an individual participating in the scheme receives benefits under general sickness (except for accident cases) based on the contributions made in the preceding contribution period.
Regards,
P. K. Sharma
From India, Delhi
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ESIC-Contributi on-Transfer-For m.pdf