PF Admin charges amendment w.e.f. 1st June 2018 PF Admin Charges has been reduced from 0.65 to 0.50 effecting from 1st June 2018 subject to Minimum rupees 75 /- for non contribution and rupees 500 /- for other per month Employees’ Provident Funds Scheme, 1952, and in supersession of the notification of the Government of […]
Read More »Employer contribution of 12% will be borne by government under PMPRY scheme w.e.f. 1st April 2018 The EPFO has intimated an amendment to the guidelines of Pradhan Mantri Rojgar Protsahan Yojana. As per the amendment to the guidelines the Government of India will pay the full employer’s contribution- 12% (EPF and EPS both) w.e.f. 1st […]
Read More »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 […]
Read More »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 […]
Read More »Calculation DA from January 2018 based on All India Conumer Price Index for the months from January 2017 to October 2017 with estimated index for November and December 2017 After witnessing a static level of Consumer Price Index for the months from July 2017 to September 2017, we have two point increase in CPI (IW) […]
Read More »The EPFO , which runs social security schemes like employees’ provident fund (EPF), pension and insurance for formal sector workers, has already launched a host of online services like EPF withdrawals. This will be a big boom for the formal sector workers as well as their employers. The online facility would help the EPFO do […]
Read More »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 […]
Read More »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 […]
Read More »As per EPFO circular dated 8th January 2018, the EPFO has informed that the requirement of uploading the scanned copy of PAN card at the time of registration of establishment has been examined and online system has been put in place for verifying details of PAN directly from the Income Tax Department. Hence, it has […]
Read More »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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