ESIC online payment are a simple way for firms to follow ESIC regulations. This mechanism ensures that employees and employers make their contributions on time. This article will guide you on the payment process. We’ll provide contribution rates and remedies for any issues with your transaction.
ESIC contribution rates for Employees and Employers
- Employees contribute 1.75% of their wages to ESIC each month. This is deducted from their earnings.
- Employer Contribution Rate: Employers must pay 4.75% of their employees’ monthly salary to the ESIC fund.
- In newly covered areas or firms, employees pay 1% of their wages. Employers contribute 3% for the first two years.
- Employees with a daily average pay of up to ₹137 are excused from donating. Employers must still pay their fair share for these employees.
Timeline for ESIC Online Payment Contributions
Employers must submit the ESIC contributions for each employee. They must deduct the specified rate from wages and pay it within 15 days of the month’s end.
| Scenario | Action Required |
| Monthly ESIC payable is ₹1,000, and an offline challan is produced for this amount. | Online payments are not permitted if an offline challan has been generated but not yet deposited. |
| Monthly ESIC payable is ₹1,000, with an offline challan produced for ₹700 (unrealized). | Online payment can be made for the remaining amount of ₹300. |
| Online payment of ₹200 initiated for a total due of ₹1,000 fails | Employer must complete the failed transaction before making an additional payment of ₹800. |
This table describes several scenarios and the activities employers should take when processing ESIC payments to ensure accurate compliance with payment laws.
A Comprehensive Guide to Online ESIC Payment: Contribution Each Month
1. To access the portal, enter your User ID and password from when you registered.
2. Find and select the monthly contributions area on the site.
3. Choose “Online Monthly Contribution” to start the submission procedure.
4. You can check all of the entries in the preview that will appear. Verify again for accuracy.
5. Click “Submit” to save your contribution after it has been validated.
6. You can either type in amounts for each employee or upload an Excel file to streamline data entry.
7. Click “Pay Online” and select your bank for internet banking payment.
8. Confirm your payment details by clicking “OK” to advance to the bank payment page.
9. Record your Challan number for reference. Click “Continue” to proceed with payment.
10. Complete the payment on your bank’s portal by entering your net banking credentials.
11. If using SBI, a confirmation page will display to verify your successful payment.
12. After logging in, click “Generate Challan.” Select “View” to open records, choose records for payment, enter the amount, and submit.
13. Select the online payment option, click “Submit,” and confirm by clicking “OK.”
14. Choose “Online Challan Double Verification,” then enter your employer code and Challan number to confirm payment.
15. Select “Print” to keep a record of your successful transaction.
Guidelines for Resolving ESIC Online Payment Failures
When an ESIC monthly contribution transaction fails, a variety of issues may be involved. Follow the steps below to troubleshoot and complete the transaction.
Potential Reasons for Transaction Failure
| Cause | Explanation |
| Network Problems | Connectivity issues can interrupt the payment process. |
| Low Account Balance | Insufficient funds can cause a transaction to fail. |
| Lost Login Credentials | A forgotten ID or password may halt the transaction. |
| Redirection Failure | The ESIC site may fail to redirect to the SBI payment page. |
| Broken Link | An inactive or broken link may prevent payment completion. |
How to Retry a Failed Transaction?
- Click on the Online Challan Double Verification link.
- Enter the Challan Number and click Submit.
- The challan number and payment amount will be displayed; click Make Payment to proceed with net banking.
- Selecting Make Payment takes you to the SBI internet banking interface to complete the transaction.
Conclusion
Completing ESIC contributions online is crucial for maintaining compliance and supporting employee benefits. By following the above steps, employers can ensure smooth, accurate payments. They can also address issues like failed transactions. By following ESIC timelines and rules, employers ensure a safe, compliant workplace.
Read Our More Blogs…