Employees' State Insurance contributions revised, with clarified eligibility, registration duties, calculation base, and deposit deadline.
Employees earning up to the specified monthly wage are mandatorily covered by the ESI scheme, subject to a daily-wage exception; employers must register establishments that meet the employee-count threshold and reassess CTC for covered employees. Contribution rates have been revised to a lower combined percentage with distinct employer and employee shares, calculated on specified salary components including basic pay, allowances, incentives, and overtime. The online registration process ties appointment and registration dates and allows a short window to register new employees, and contributions must be deposited within the statutory deadline after each contribution period, beyond which online deposit is not permitted. (AI Summary)