ESIC
also known as the Employee State Insurance is a scheme by the Indian government
and its objective is to avail stress-free services to the employees and
employers by utilizing the services and information portal. This means that all
Filings and payments are made via an online portal. All the employees can
easily submit their monthly contributions related to ESIC by using the portal.
In this blog, we will discuss the Payment Process of ESIC Online in 2023 and
its benefits.
What is theMonthly Contribution Rate for ESIC?
The
current contribution rate for employees is 1.75% of the wages that they earn
whereas the contribution rate for employers is 4.75% of the wages that are
being paid.
If
any firm is newly appointed, then the contribution will be 1% of the total
wages of Employee and for the starting two years, the employer pays 3% only.
Moreover,
the employees whose daily average wages ware up to Rs. 137 are free from any
sort of payment for contribution but employers do not enjoy any such exemptions
and have to pay their contributions.
What are thedue dates of payment for monthly contributions?
An
employer needs to submit the contributions of ESIC with respect to each
employee and after deducting the contributions of employees from the salary and
pay the contributions to ESIC within 15 days of last day of the month at the
rate that has been specified.
If
the monthly contribution due for a specified month is Rs. 1000 and an offline
challan generated by the system has been created for a payment of Rs. 1000,
then the employer will not be able to make any sort of payment online even is
the challan is unrealised.
If
the monthly contribution due for a specified month is Rs. 1000 and an offline
challan for the payment of Rs. 700 has been created which has not been
deposited, then the employer will make the payment online only for the amount
that remains i.e. Rs. 300.
When
online payment to pay Rs. 200 has been initiated by an employer against the
total amount of dues i.e. Rs. 1000 and the transaction is declined, the challan
amount cannot be modified by the employer during the double verification
online. Firstly, the employer should complete this transaction to make another
payment of Rs. 800.
What is the Payment Process OF ESIC
ONLINE?
The
Payment process of ESIC online can be done by following the steps that are
listed below. These steps will provide you some insights on how you can make
payment process of ESIC online quite effortlessly and easily.
Step 1: Visit the official portal of ESIC and use the
user ID and password that was provided to you at the time of registration to
login the portal.
Step 2: When you have successfully logged in, you
will see a page that has various hyperlinks under different modules that
redirect you to specific sections.
Step 3: The nest step in the payment process of ESIC
online is filing the contribution by using the “Online Monthly Contribution”
option on the screen.
Step 4: Once you select this option, a preview page
will appear on your screen.
Step 5: After filling all the details of your ESIC
monthly contribution, you need to click on “Submit” to finish submission of
your details.
Step 6: For the uploading of bulk amounts of data, an
employer can easily upload the excel file as attachment using the bulk upload
option. This way the employer does not have to manually type each employee’s
contribution.
Step 7: The next step in your payment process of ESIC
online, an MC online payment can be made by the user through internet banking
of the respected bank by selecting the option “Pay Online.”
Step 8: To proceed further with your payment process
online of ESIC, you need to click on “OK”.
Step 9: For any future reference, you should note
your Challan Number. Now, once you click on “Continue”, in order to proceed for
payment, you will be redirected to the payment page.
Step 10: Once you perform the previous step, you will
be redirected to the bank’s site to make the online payment. In order to make
the payment to complete your payment process of ESIC Online, the user will have
to provide his credentials for net banking.
After
following the above steps for the payment process of ESIC online, to generate
an online challan follow the listed steps:
Step 11: Login the portal once again and click on the
link that states ‘Generate challan’, you will be redirected to another screen.
Now, you have to click on View button.
Step 12: Select those records for which you want to
make the payment and then provide the amount of money you need to pay.
Step 13: Select the option ‘Online’ and then ‘submit’.
After submission, a message will appear on your screen on which you need to
click ‘ok’.
The
next steps in your payment process of ESIC Online are required for the
verification or rechecking of the transaction’s success. These steps are listed
below:
Step 14: Select the button on the right side that
represents “Online Challan Double Verification.”
Step 15: The page for double verification of online
challan will be displayed. Now, you need to enter the Employer’s code and the
challan number provided to you and then click on ‘Submit.
Step 16: In order to print the success page, you will
have to click on ‘Print’ option.
How toprocess a failed transaction?
If
the payment process of ESIC online fails and your transaction gets declined,
then you need to follow certain steps to process it again. But first let us
understand what could be the reasons for the failed transaction. The following
reasons may be responsible for the failure of your transaction:
1.
Any sort of
Connectivity Issues
2.
Due to the
shortage of funds
3.
User failed to
remember either the user ID or password or both
4.
The failure of
the ESIC site in proper redirection to the payment page or the net banking page
5.
Some sort of Link
issue on the ESIC portal
However,
by clicking on the link for “Online Challan Double Verification”, the failed
transaction can be processed quite easily. Enter your challan number in the
text box for challan number and click on the submit button in order to continue
your declined transaction. Once you submit, you will see the amount along with
the challan number on your screen. Now, the user needs to click on ‘Payment’
option to continue to a banking payment gateway. Then, you will be redirected
to the internet banking portal to make the payment. You can finish your payment
process of ESIC Online by making the payment.
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