EPF New Year Gift for Establishment which is legally liable for coverage from 1.4.2009

Posted by & filed under Provident Fund - (Notification -Circulars).

Good NewsPF has  comeout with Notification , accordingly,  special survey drive will be initiated from 1st Jan 2017 by department for coverage of the Establishment.The Establishment which is legally liable for coverage will be covered under the Act.Benefits are as below;1. Only Employer Share will be levied. 2. Interest as applicable on Employer’s Share.3. Damages @… Read more »

ESIC Limit increase from Rs 15000 to Rs 21000 W.E.F from 1st Jan 2017

Posted by & filed under Esic-Circulars.

ESIC limit has been increased from 1st Jan 2017 from Rs 15000 to Rs 21000 Draft rules were published on 6th October 2016 and whereas, objections and suggestions received from persons likely to be affected thereby have been considered by the Central Government Now, therefore, in exercise of the powers conferred by section 95 of the said Act,… Read more »

EPFO fixes 8.65% interest rate for PF deposits, cut from 8.8%

Posted by & filed under Provident fund -News.

Retirement fund body EPFO today decided to lower the interest on EPF deposits for the current fiscal to 8.65 per cent, from 8.8 provided in 2015-16, for its over four crore subscribers. “The Employees Provident Fund Organisation’s apex decision making body, the Central Board of Trustees (CBT), has taken a decision to lower the interest rate… Read more »

Holiday List 2017

Posted by & filed under Holiday List 2017.

Maharashtra Maharashtra Holiday List-2017KarnatakaKarnataka – Holidays List 2017KeralaKerala – Holidays List 2017Tamil NaduTamil Nadu – Holidays List 2017 – English VersionWest BengalWest Bengal – Holidays List 2017TelenganaTelangana – Holidays List 2017Andhrapradesh Andhra – Holidays List 2017

ESIC Limit Increases from Rs 15000 to Rs 21000

Posted by & filed under Esic-Circulars.

Dear all, Pls refer to my blog dated September 7 2016 ( https://blog.pcsmgmt.com/2016/09/esic-raises-wage-threshold-to-rs-21000.html where in labour ministry had declared that ESIC Limit will Increases from Rs 15000 to Rs 21000 on 6th Oct 2016 Draft rules were released &  30 days time limit was given for calling for objections & suggestion Yesterday in the Press Information Bureau Ministry of Labour &… Read more »

This Scheme may be called the Employees’ Provident Funds (Sixth Amendment) Scheme, 2016 changes in para 72

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear all,  Amendment in the respective  Employees’ Provident Funds (Sixth Amendment) Scheme, 2016 i.e in para 72  In the Employees’ Provident Funds Scheme, 1952, in paragraph 72, in sub-paragraph (6),- (a) for the words “ceased to be employed”, the words “retired from service after attaining age of fifty-five years or migrated abroad permanently” shall be substituted; … Read more »

Employees’ Provident Funds (Fifth Amendment) Scheme, 2016 Nepalese & Bhutan shall be deemed to be an Indian worker

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear all,In the indian Market many employees come from Bhutan & Nepal for Job & specially this employees are working in Security Guard etc & when and they were treated as International worker & the respective employee cant withdraw the respective dues when he leave the job  & he has to wait till age 58… Read more »