What is ESI Rule?

ESI (Employee State Insurance) rules are the regulations and guidelines set by the governing body responsible for administering the ESI scheme. The rules outline the provisions, procedures, and requirements related to the implementation, administration, and compliance of the ESI scheme.

The ESI rules are as follows:

1. Collection of Contribution
   An employer is liable to pay a contribution in respect of every employee and deduct employees' contribution from wage bills and shall pay these contributions at the above-specified rates to the Corporation within 21 days of the calendar month's last day the contributions fall due. The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
2. Contribution Period and Benefit Period
   There are two contribution periods: six months duration and two corresponding benefit periods, and six months duration.
   
3. Contribution period Corresponding Cash Benefit period
   • 1st April to 30th September - 1st January of the following year to 30th June.
   • 1st Oct to 31st March - 1st July to 31st December of the year following.