(1) The contribution by the employer shall be remitted by him together with administrative charges at such rate as the Central Government may fix from time to time under sub-section (4) of Section 6-C of the Act, to the Insurance Fund within fifteen days of the close of every month by a separate bank draft or cheque or by remittance in case in such manner as may be specified in this behalf by the Commissioner. The cost of remittance, if any, shall be borne by the employer.
(2) It shall be the responsibility of the employer to pay the contribution payable by himself in respect of the employees directly employed by him and also in respect of the employees employed by or through a contractor.
(3) The Central Government shall credit its contribution to the Insurance Fund as soon as possible after the close of every financial year.
(4) The Commissioner shall deposit the bank draft or cheque received from the employers in the State Bank of India or any Bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertaking ) Act, 1970 (5 of 1970).
Contractors
Contributions
