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Wednesday, May 23, 2018

Reduction of PF Admin Charges from 0.65 % to 0.50%

Dear Employer 

Good News Reduction of PF Admin Charges from 0.65 % to 0.50%  the said reduction is effective from 1st June 2018 subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.

Notification πŸ‘‡

Download:- Reduction of PF Admin Charges

Now the total challan amount  will be 


Ac No. 1  :-    12+3.67%
Ac No   10 :-  8.33%
Ac No 2 :-       0.5%
Ac No 21:-     0.5%

Ac No 22:-     Nil........

Total contribution will be 25 %  

For your Knowledge purpose & record purpose appended below is the road map      of EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED ESTABLISHMENTS 

EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED ESTABLISHMENTS
Period
Rate
Reckoned on
01.11.1952 to 31.12.1962
3%
Total employers’ and employees’ contributions.
01.01.1963 to 30.09.1964
3%
Total employer’s and employees’ contributions payable @ 6.25%.
2.4%
Total employer’s and employees’ contributions payable @ 8%.
01.10.1964 to 30.11.1978
0.37%
On total pay on which contributions are payable.
01.12.1978 to 30.09.1986
0.37%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment was
Rs. 5/-.
01.10.1986 to 31.07.1998
0.65%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment was
Rs. 5/-.
01.08.1998 to 31-12-2014
1.10%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment is Rs.
5/-.
01.01.2015 to 31.03.2017
0.85%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment is Rs.
500/-.
01.04.2017 onwards
0.65%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment is Rs.
500/-.








Tuesday, May 22, 2018

Exemption from payment of late fee U/s 6(3)- of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975

Dear employers

As per  section  6(1)  of   the  Maharashtra   State   Tax  on  Professions,  Trades,  Callings and  Employments  Act,  1975  (the  Profession Tax  Act  1975), every  employer who  has obtained Profession Tax Registration Certificate (PTRC)under  the  Profession Tax Act, 1975  has  to furnish  return  in the  prescribed  format showing the  salaries  and  wages paid  by him  and  the  amount  of tax  deducted  by him  in  respect  thereof. As per  Rule 11(2A) of the   Profession Tax  Rules,  1975,   such   return  shall   be  in  electronic  Form IIIB  and   payment   shall   be  made   before uploading  the   said   return   on  the   official website of   the  department).    Section 6(2) of the  Profession Tax  Act,   1975  provides that   a return  without  such   proof  of payment  shall  not  be deemed  to have  been  duly flied.


From    01/04/2018,      the    PTRC returns    are    being    filed   on   the    new   web   site www.mahagst.gov.in  due to  technical difficulties, many    employers have    not  been   able  to upload    returns. Further it is  represented     that    they    are   facing   technical    difficulties   in   creating    profile  for accessing e-services on www.mahagst.gov.in

The issue has  been  examined and  it is found  that  because  otechnical difficulties  some of the 'employers  could not file the returns as framed under the act, Hence as per the  rules/Powers framed under the act by  various ammedment & circulars issued by the state government under the Provision of Section 6(3) Maharashtra   State  Tax  on  Professions,  Trades, Callings and  Employments  Act,  1975 the whole late fee payable by the registered employers in respect of the monthly or annual returns pertaining to the period Apr-2016 to June -2018 is being exempted subject to fulfillment eligibility conditions  .mentioned  below-

Eligibility Conditions:

  1. Any amount   payable  as per return   -should have  been/ shall  be paid  on or before the due  date.
  2. The  aforesaid employers should  submit  the. monthly   or,  as the -case may be; annual  returns pertaining to the periods    April 2016 to June   2018  on or before  31st  July 2018
  3. Needless to mention  that  no refund  or adjustment against .any tax liability shall be allowed -where late fee has  already.peen paid
Necessary Circular & FAQ( New Profession tax Website ) is appended below

πŸ‘‰Late Fee Exemption Circular :- Exemption for late fee

πŸ‘‰FAQ :- PROFESSION TAX FAQ
  

Thursday, May 03, 2018

Madhya Pradesh Professional Tax (PTAX) Revised Slab Rate

Profession Tax (P.Tax) slab in Madhya Pradesh have been revised. New rates will be applicable w.e.f. 01-04-2018.

Madhya Pradesh government in its finance budget 2018 have amended the professional tax slab rates for employees. The new PT rates aim at providing some relief to the salaried employees and increase their take home salary.

Professional Tax Slab In Madhya Pradesh For F.Y. 2018-19

Annual Salary Annual PT
Below Rs. 225000NIL
Rs. 225000 – Rs. 3000001500
Rs. 300000 – Rs. 400000 2000
Above Rs. 4000002500

PT is deducted from the monthly salary of the employees in equal installments and deposited with the department using professional tax

Below will be the actual monthly PT deduction rate:
Monthly Salary    Monthly PT
Below Rs. 18750NIL
Rs. 18750 – Rs. 25000125
Rs. 25000 – Rs. 33333167
Above Rs. 33333208


πŸ‘‰MP-BUDGET-2018-19 ( See Yellow Highlighted) 

Wednesday, April 25, 2018

Amendments To The Guidelines Of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) For EPF And EPS Members

As per EPFO circular dated 24th April 2018, the EPFO has intimated an amendment to the guidelines of Pradhan Mantri Rojgar Protsahan Yojana. 
( Earlier this Scheme was introduce in the Month of Aug-2016 where in if the following conditions were full fill then only Employer could take the benefit of the same) earlier only 8.33 % benefit was given by the Govt                                                                                                                                                                                                                                                                                                                                                                                             1.. The appoint date of the respective employee should be after 1st Apr 2016 
2. He should not hold any UAN Number
3. His KYC should be verified.
4  His Gross Salary Should be Less then 15000.

In regards to the above EPFO Field officer had done a very good hard work to implement & explain the same. in the Start of the scheme many Hurdles had occurred in the online portal but now it is running smoothly.

Now as per the announcement in the finance bill 2018-2019 , and As per the amendment to the guidelines the Government of India will pay the full employer's contribution (EPF and EPS both) w.e.f. 1st April 2018 for a period of three years to the new employees and to the existing beneficiaries for their remaining period of three years through EPFO. The last date of registration of beneficiary through establishment is 31st March 2019

Circular :- πŸ‘‰Amendment_PMRPY_(employee-Employer)

Tuesday, April 10, 2018

Minimum Wages Goa 01.st April 2018 to 30th Sep 2018


This is to inform that the Minimum wages in Goa has been revised with effect from 1.04.2018. The amended rates for all the categories are as mentioned below:-


Notification πŸ‘‰VDA-Notification-w.e.f-01.04.2018-Goa

Friday, April 06, 2018

Uttar Pradesh Minimum Wages 1.4.2018 to 30.09.2018

As per notification Letter No. 186-215/Pravartan -(MW)/15, Government of Uttar Pradesh has released for the state of Uttar Pradesh effective 1st April 2018

  πŸ‘‰  The Uttar Pradesh Minimum Wages Notification 1st April 2018

Saturday, March 31, 2018

Madhya Pradesh Minimum wages 1st Apr 2018 to 30th Sept 2018

Madhya Pradesh Minimum wages from 1st Apr 2018 to 30th Sep-2018 the respective schedule of employment is as under 






Scheduled Employment
Agriculture 
Blanket Manufacturing
Bone Mills
Brick Kilns
Cement pole or manufacture of Cement products.
Chemicals & Pharmaceuticals
Constructions, and maintenance of Irrigation works
Cotton Ginning and Pressing
Engineering Industry
Food Products (including cakes, biscuits, confectionary, Ice-cream & Ice-candy, Beverages)
Forest and Forestry
Fuel Coke 
Handloom Industry
Katha Industry
Khandsari Industry
Kosa Industry
Lime Kiln
Local Authority
Murra Peha
Oil Mills
Plastic Industry
Potteries including manufacture of refractory goods, fire bricks, sanitary works, insulators tiles (excluding those made from cement) stone wire pipes, furnace lining bricks & other ceramic goods
Power Loom (including sizing and processing)
Printing Press
Public Motor Transport
Ramraj or Geru
Rice Mill, Floor Mill, or Dal Mill
Construction and maintenance of Roads and building operation 
Saw Mill
Shop,Commercial establishment, Residential Hotel and Theatre
Stone breaking or stone crushing
Tobacco (including beedi making Manufactory)
Tiles Manufactory (excluding Cement titles)
Any Establishment in which manufacturing activity as defined under section 2 (K) of the Factories Act is carried out and is not covered under any of the other scheduled employments