EMPLOYEE BENEFIT PLAN

6 Months Ended

Sep. 30, 2020

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN

12.    EMPLOYEE BENEFIT PLAN

The Company has made employee benefit plan in accordance with relevant PRC regulations, including retirement insurance, unemployment insurance, medical insurance, housing fund, work injury insurance and maternity insurance.

The contributions made by the Company were $38,490 and $52,028 for the three months ended September 30, 2020 and 2019, respectively, for continuing operations  of the Company. The contributions made by the Company were $18,722 and $45,657 for the three months ended September 30, 2020 and 2019, respectively, for the Company’s discontinued operations.

The contributions made by the Company were $69,165 and $94,940 for the six months ended September 30, 2020 and 2019, respectively, for continuing operations of the Company. The contributions made by the Company were $28,571 and $96,736 for the six months ended September 30, 2020 and 2019, respectively, for the Company’s discontinued operations.

As of September 30, 2020 and March 31, 2020, the Company did not make adequate employee benefit contributions in the amount of $230,520 and $170,856, respectively, for continuing operations of the Company. As of September 30, 2020 and March 31, 2020, the Company did not make adequate employee benefit contributions in the amount of $496,286 and $454,151,  respectively, for discontinued operations of the Company. The Company accrued the amount in accrued payroll and welfare.