Maharashtra Profession Tax Act amended from 1.4.2018

Maharashtra Profession Tax Act amended from 1.4.2018.  Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs.2,500/- per annum In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Tax Laws (Levy and Amendment) Act, 2018 […]

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The Employees Deposit Linked Insurance (Amendment) Scheme, 2018

As per the Employees Deposit Linked Insurance Scheme, 2018 published in the gazette dated 15th February 2018, the Central Government has amended the Employees’ Deposit Linked Insurance Scheme, 1976 and has brought important amendments whereby the assurance benefits shall not be less than two lakhs and fifty thousand rupees and further that the assurance benefit […]

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National Apprenticeship Promotion Scheme (NAPS)

National Apprenticeship Promotion Scheme(NAPS) The government has launched the National Apprenticeship Promotion Scheme NAPS on 19th August 2016 to promote apprenticeship training and incentivize employers who wish to engage apprentices. NAPS has replaced Apprentice Protsahan Yojna (APY) from 19th August 2016. While APY provided sharing of 50% of the stipend as prescribed by the Government […]

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Online EPF Withdrawal process- by EPFO

When you can EPF withdrawal One may choose to withdraw EPF completely or partially. EPF can be completely withdrawn under any of the following circumstances: a       When an individual retires from employment b       When an individual remains unemployed for a period of 2 months or more. Here, it needs a mention that the fact that […]

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Employer Contribution To EPF Need Not Mandatorily Exceed Statutory Wage Ceiling Limit

As per EPFO circular dated 3rd January 2018, EPFO has reiterated (the Supreme Court Judgment in the matter of Marathawada Gramin Bank Karamchari Sangathan and another Vs. Management of Marathawada Gramin Bank) and has directed that employers cannot be forced to contribute over and above the statutory wage ceiling in respect of their employees. However, […]

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