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ESI contribution has to be made every month. The last date of ESI contribution payment for any month is the 15th of the succeeding month. This means that you need to pay the ESI challan for the month of April before the 15th of May. If you miss your payment deadline before the 15th of the month, then you are susceptible to additional interest and damages on your total ESI due amount. The employer incurs a late payment interest of 12% per annum. On the other hand, the damages incurred are on the basis of the slab division.
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Chapters:
00:00 Intro
00:42 ESI payments deadline
01:12 Late interest payment
01:20 Damages payment
02:03 Example of the damages payment
03:18 Types of notices sent by ESIC
03:31 Notice C-18 (I)
03:46 Notice D-18
03:57 Notice C-18 (ADHOC)
05:14 Notice C-18 (Actual)
05:40 How to pay the damages online?
05:48 Show cause notice, Section 45(A)
06:40 Show cause notice, Section 45H
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