Monthly Archives: April 2016

Government plans to reduce EPF & MP act threshold 20 to 10 employees

Posted by & filed under Provident fund -News.

25th Apr 2016 Government reducing EPF & MP act threshold 20 to 10 employees Government plans to amend the existing law to bring firms with minimum ten employees under the Provident Fund coverage, the Lok Sabha was informed today.(25th Apr 2016)Currently, companies with less than 20 employees are excluded from PF coverage. “A proposal for comprehensive… Read more »

Government Raises EPF Interest Rate to 8.8 Percent for 2015-16

Posted by & filed under Provident fund -News.

 In the third roll-back in two months, the government today raised interest rate on employee provident fund (EPF) contributions to 8.8 per cent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide… Read more »

Interest on delayed payment of ESI contribution

Posted by & filed under Esic-Circulars.

Interest on delayed payment of ESI contribution As per new Memorandum/Instruction issued on 08.04.2016 by ESI Corpn, it has been decided that the interest on ESI contribution payable on omitted wages, shall be calculated calendar month-wise. Prior to above instructions, the Interest on left-out wages/omitted wages reported by the Social Security Officer or Test Inspecting Officer… Read more »

Implementation of ESI Scheme in new geographical areas of 12 revenue village of Kasauli Tehsil, Solan District in the State of Himachal Pradesh

Posted by & filed under Esic-Circulars.

NOTIFICATION In exerc ise of the powers conferred by sub-section (3) of Section 1 of Employees’ State nsurance Act, 1948 (34 of 1948) the Central Government hereby appoints the 1st April, 2016 as the date on which the provisions of Chapter IV except Sections 44 a nd 45 which have already been brought into force)… Read more »

MINIMUM WAGES REVISED IN HARYANA w.e.f. 01-01-2016 declared on 5th Apr 2016

Posted by & filed under Minimum Wages-Haryana.

MINIMUM WAGES REVISED IN HARYANA w.e.f. 01-01-2016 declared on 5th Apr 2016 The Haryana government on 05th Apr 2016  revised the legal minimum wage in the state Earlier it was declared in the Month  of Nov-2015  effective date was from 25th Sep-2015 & now the effective date is from 1st Jan 2016  Category of Workers Current Wages… Read more »

Gujarat High Court Stay on Bonus Act 2015

Posted by & filed under Uncategorized.

Dear All,Pls Find enclosed is the Stay order on Bonus Act 2015 in regards to Gujarat State the respective stay order is for the F,Y 2014-2015Honble-Gujarat-High-Court-Stay Order on bonus act 2015 Gujarat Stay Order Verdict -Details