by Audit Analyst | Jan 3, 2026 | Employees State Insurance Corporation
General rule on liability waiver ESIC liabilities, including contributions, interest, and damages, are generally statutory in nature and not subject to waiver. The ESIC Act mandates strict compliance, and non-payment or delay automatically attracts interest and penal...
by Audit Analyst | Jan 3, 2026 | Employees State Insurance Corporation
Understand the type of order issued Review the ESIC order carefully to identify the nature of the penalty or decision, such as contribution demand, damages, or applicability disputes. Orders under Sections like 45A (determination of dues) or penalty notices typically...
by Audit Analyst | Jan 3, 2026 | Employees State Insurance Corporation
Yes, appeals can be made under the ESIC Act Employers have the right to appeal against penalties, damages, or orders issued by the ESIC. The appeal must be made under Section 75 of the Employees’ State Insurance Act, 1948. Disputes related to contribution dues,...
by Audit Analyst | Jan 3, 2026 | Employees State Insurance Corporation
Interest on delayed payments If an employer fails to deposit ESIC contributions on time, interest at 12% per annum is levied. The interest is calculated from the due date till the actual date of payment. It applies to both employer and employee share of the...
by Audit Analyst | Jan 3, 2026 | Employees State Insurance Corporation
Yes, audit is applicable under the ESIC Act The Employees’ State Insurance Corporation (ESIC) conducts audits to ensure compliance with statutory provisions of the ESIC Act, 1948. These audits assess whether employers have correctly registered employees, calculated...
