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Contribution
& Benefit periods
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There
are two contribution periods of
six months duration each in a
year, in respect of an insured
employee, with corresponding
benefit period of six months each
as under:-
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Contribution
period
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Corresponding
benefit period
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1st
April to 30 September
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1st
January to 30th June of the year
following
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1st
October to 31st March of the year
following
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1st
July to 31st December of the
calendar year
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In
case a person becomes an employee
within the meaning of the Act for
the first time, the first
contribution period will commence
from the date he enters into
insurable employment for the first
time in the contribution period
current on that day and his
corresponding benefit period will
commence on the expiry of nine
months from the date of such
employment.
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