Several relaxations brought in GP Fund rules In a major relief for government employees, Ministry of Personnel, Public Grievances and Pensions has announced several relaxations in General Provident Fund Rules, with liberalization and simplification, particularly relating to advances and withdrawals by the subscriber/ employee. According to the Union Minister of State (Independent Charge) for Development… Read More »
Reduced rate of ESI contribution by the establishment covered for the first time. No P-11/12/Misc/01/2016-RevII Dated 13.02.2017
Practical Guide to Employees’ Provident Funds – Acts, Rules & Schemes– 1 Feb 2017 by H.L. Kumar (Author) The new edition contains more case laws since there have been large number of cases by the High Courts. This will add to the utility of the book. With large number of appeals, before the EPF Appellate Tribunals… Read More »
Payment of Wages by cheque or crediting to bank accounts The present wage limit for applicability of the provisions of the Payment of Wages Act, 1936 is Rs. 18,000/- per month. The Act has been amended by Payment of Wages (Amendment) Act, 2017 (effective from 28.12.2016) to enable the employers to pay wages to their… Read More »
EPFO takes various steps for speedy settlement of claims The Employees’ Provident FundsOrganization (EPFO) has taken various steps for speedy settlement of claims which inter alia include: • Composite Claim Form (Aadhaar) and Composite Claim Form (Non-Aadhaar) has been introduced by replacing the erstwhile Claim Forms No. 19, 10C and 31, with a view to… Read More »
Employees’ Enrolment Campaign launched by EPFO to extend social security benefits to all eligible workers An Employees’ Enrolment Campaign has been launched by Employees’ Provident Fund Organisation during the period 01.01.2017 to 31.03.2017, in order to extend social security benefits to all the eligible workers in the country. During the Campaign, various financial incentives are… Read More »
MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 15th March, 2017 S.O. 828(E).—In exercise of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), and in supersession of the notification of the Government of India, in the Ministry of… Read More »
EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017 The administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from 1st April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in… Read More »
Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House The Government has taken a decision for modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to add a new paragraph 68 BD under which a member of Employees’ Provident Fund (EPF), being a member… Read More »
Service Tax inquiry in respect of Provision of Taxable Service for the period from 01-07-2012 to 31-03-2016. Notice from Central Excise Intelligence -Reg. No. Big.6(2)/90/Service Tax/Part-VI/33415 Dated 15.03.2017