ESIC Challan Payment: Steps for Online Payment, Deadline, and More
All Employees' State Insurance Corporation (ESIC) members have access to the online payment facilities offered by the Employees' State Insurance Scheme. Medical benefits under the ESI plan are available to employees and their close family members. In addition to additional facilities like registration and login, the web portal offers a payment choice and serves as an informational resource. Customers who have SBI bank accounts can now access the bank's net banking services to make payments online. Employer and employee contributions are both made to the ESI plan. Corporations determine the amount or percentage of the amount donated, and there are variations in the time frames for contributions and cash benefits. In this article, we will explain the process of ESIC challan payment in detail.
Table of content
Online Payment and Due Date
Two components are required when attempting to pay the ESI online:
SBI Bank's Netbanking ID and password
The login information and user ID for the ESIC website
You must be registered with the Employees' State Insurance Corporation to receive your User ID and password for the ESIC portal. The 15th of the subsequent month is the final date for paying the withheld ESI. The payment has been made each month. In any circumstance, interest at 12% per annum is assessed for each day the ESI amount is not paid.
Steps to Make ESIC Payment Online
Step 1: Access the official ESIC website and submit your login information.
Step 2: A list of ESIC links and modules will be displayed on the redirected page. To proceed with making the ESIC payment, click "Pay e-Challan." This is the page that you will view.
Step 3: After inserting the employer code and "CAPTCHA," click "Search."
Step 4: A list of challans will appear once you have continued. In order to begin with the payment, select the challan number.
Step 5: There will be payment options accessible to you. One method of payment is through SBI, while the other is through other online banking channels.
Step 6: You will be directed to the payment interface after selecting your bank from the drop-down menu.
Step 7: To proceed with the payment, you will be instructed to input your credentials again.
Step 8: A page with all of the challan's details and a "Pay" button at the bottom will show up.
Step 9: Your transaction ends when you receive a payment success receipt at its conclusion.
Steps for Filing Monthly Contributions
The procedure for creating an e-Challan and submitting monthly contributions is easy to follow.
Step 1: Enter your credentials to log into the account. After logging in, select "File Monthly Contribution" from the "Monthly Contribution" menu on the right side of the screen. However, the employee or insured individual has to first sign up on the ESIC portal and provide reliable details before making the monthly contribution.
Step 2: After choosing "File Monthly Contribution," insert the information requested on the page.
Step 3: You'll get the option to choose the month and year the contributions were made. The next step is to enter the employer's code and the method you can upload the data.
Step 4: There are two approaches to uploading the data using the portal. There are two methods: uploading the Excel document and adding the contributions online.
A technique of uploading data is by uploading the Excel sheet.
After opting for the "Sample MC Excel template," save the document.
If the worker has left work, provide details such as their name, 10-digit employee number, number of working days, total pay, and last day of employment.
The system detects the employer's and employee's contributions based on the information provided.
Save the file wherever you want it. Select "Upload Excel," browse the file on your device, pick it, and click "Upload" to upload it.
Steps to Generate ESIC Challan
Step 1: On the right side of the screen, under "Monthly Contribution," choose "Generate Challan." You will be taken to a new window after choosing the necessary option.
Step 2: After entering the specified code, select "View." A list of records will appear to choose this option. The employer selects a record that the user wants to pay against. Enter the required payment amount. Both online and offline options are available. Opt for the online option and enter the information.
Step 3: A pop-up requesting your approval will show when you enter the information. You are allowed to continue with the process if you click "OK."
Step 4: Following verification, a challan number will be generated, the same as it did under "filing the contributions online."
Step 5: The procedure is the same as described earlier. You will be issued to the SBI net banking portal once the challan has been produced. Enter your login information and choose the net banking account. To complete the process, check the details and click "Confirm."
After the process finishes, you will be directed to the ESIC portal that has information about the successful transaction. You should print this page or save it.
Steps to Print and Reprint ESIC Challan
Step 1: You will need to log in to the ESIC website once more for this step by clicking on this link: https://www.esic.in. You will see a window with multiple hyperlinks split into different sections after logging in.
Step 2: The final option under "Monthly Contributions" is "Online Challan Double Verification," which you have to select.
Step 3: You will be taken to the Challan double verification page after clicking the link. Add the challan number and the employer's code.
Once the information has been entered, click submit to access the full transaction summary. You have the option to print it out or save it.
Processing a Failed Transaction
The following conditions may cause the transaction to fail:
Transaction failure because of network problems
Lack of funds
The user forgot their password and login ID.
The online SBI payment page cannot be accessed through the ESIC website. Transaction failed because of a link problem, etc. By clicking on the "Online Challan Double" option, the cancelled transaction can be completed once more.
To proceed with the unsuccessful transaction, insert the Challan number into the text field and press the submit button. By selecting "make payment," the user can log into SBI's net banking and see the Challan number and amount that needs to be paid. The SBI online banking payment gateway will be routed once you click on the "make payment" notice.
Conclusion
ESIC is a comprehensive plan that provides workers with financial protection against disease, disability, and death due to occupational injuries. Under this program, businesses and employees must donate the designated amount by the deadline. If the donation was not made on time, there would be penalties. Employers can quickly and easily make their contribution payments using the ESIC website.
FAQ
Q1. What is the ESI Scheme?
A multifaceted social security program, the Employees' State Insurance Scheme of India was designed to protect "employees" in the organised sector from illness, maternity leave, disability, and death from work-related injuries. It offers medical care to insured employees and their families.
Q2. How does the scheme help the employees?
According to the ESI Act of 1948, workers receive full medical treatment while disabled until their health and ability to work are recovered. It offers monetary support to make up for the income lost while the employee is absent from work due to illness, pregnancy, or an accident at work.
Q3. How much is the monthly payment of ESIC?
The employer's contribution rate is 3.25% of the profits paid to employees throughout the period, while the employee's contribution rate is 0.75% of the wages.
Q4. What happens after the due date of ESIC?
The assessee's income will be raised by an equivalent amount.
Q5. Is there a way to withdraw the ESI amount?
No, we are unable to withdraw any ESI funds.
Q6. What is the minimum number of employees for ESIC?
For ESIC, there have to be ten or more employees.
Q7. Will I face any penalty if I fail to make the ESIC payment on time?
Yes, you will be charged interest at 12% per annum for each day you disregard or fail to pay the contributions amount.
Q8. What will the employer code number?
Each factory or service registered under the Act's provisions will be issued a 17-digit employer code number. The code number must be submitted by the employer to process the ESIC online payment.
Q9. Is there any medical benefit provided by ESIC?
Yes, the insured and their family members would receive medical benefits from ESIC. They get a comprehensive spectrum of medical, surgical, and obstetric care, including in-patient and out-of-hospital care, medication supply, prenatal and postnatal care, super specialist consultation, ambulance services, etc.
Q10. What is the deadline for ESIC payment?
Every month on the fifteenth, ESIC payments are payable.
Q11. Can ESIC challan payments be made offline?
Yes, while most payments are made online, ESIC also allows offline payments at authorized banks. However, online payment is faster and more efficient.
Q12. What happens if the ESIC challan payment deadline is missed?
Missing the payment deadline attracts penalties and interest, calculated based on the overdue amount, as per ESIC regulations.
Q13. Is it mandatory to generate a new challan for each ESIC payment?
Yes, every ESIC contribution requires a unique challan to ensure proper tracking and crediting of payments to employee accounts.
Q14. Can an ESIC challan be edited after generation?
No, once an ESIC challan is generated, it cannot be edited. You need to cancel the incorrect challan and create a new one.
Q15. What payment modes are accepted for ESIC challan?
ESIC accepts payments via net banking, debit/credit cards, and UPI. Offline payments can also be made at designated banks.
Q16. Can ESIC challan payments be made for past months?
Yes, delayed contributions for past months can be paid, but they attract interest and penalties for non-compliance.
Q17. How is the payment acknowledgment received after ESIC challan payment?
After successful payment, a transaction receipt is generated, which can be downloaded as proof of payment for records.
Q18. Can multiple ESIC challans be paid in a single transaction?
No, each challan needs to be paid individually, as every challan has a unique identification number linked to specific contributions.
Q19. What is the grace period for ESIC challan payment?
ESIC generally allows a grace period of up to 15 days after the due date, but penalties still accrue for late payments.
Q20. Can employers revise ESIC contributions after challan payment?
Yes, employers can revise contributions, but the difference needs to be adjusted in subsequent payments or by generating a new challan.
Related Posts
See AllThe Aadhaar Card is one of the most crucial identification documents for Indians. You must carry it for all important tasks. You can...
Although they have similar looks, credit cards and debit cards work in different ways. A debit card allows you to make purchases using...
There are a number of Indian investors that would like to purchase US stocks. Diversifying their portfolio is their goal. In order to get...
Comentários