Monthly Archives: May 2024

Landmark Judgment: Madurai Bench Upholds Tribunal’s Power to Reduce EPF Damages

Posted by & filed under High Court Judgements-PF.

Landmark Judgment: Madurai Bench Upholds Tribunal’s Power to Reduce EPF Damages In a significant ruling, the Madurai Bench of the Madras High Court delivered a verdict in the case of W.A.(MD).No.298 of 2024 on April 15, 2024. The judgment, passed by Honourable Mr. Justice D. Krishnakumar and Honourable Mr. Justice R. Vijayakumar, reaffirmed the power… Read more »

Approval of EPF Interest Rate for 2023-24: Government of India Announces 8.25% Rate

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

Approval of EPF Interest Rate for 2023-24: Government of India Announces 8.25% Rate In a significant development for employees across India, the Ministry of Labour and Employment has officially approved the interest rate on Employees’ Provident Fund (EPF) accumulations for the financial year 2023-24. According to the official communication dated 24th May 2024, the interest… Read more »

Streamlining EPFO Claims: Removal of Mandatory Cheque or Bank Passbook Upload

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

Streamlining EPFO Claims: Removal of Mandatory Cheque or Bank Passbook Upload In a significant move to enhance efficiency and reduce rejection rates, the Employees’ Provident Fund Organization (EPFO) has introduced a new policy that removes the mandatory requirement to upload images of cheque leaves or attested bank passbooks for certain eligible claims. This update, effective… Read more »

High Court Ruling: Right to Leave Encashment for Resigned Employees Upheld

Posted by & filed under High Court Judgements.

High Court Ruling: Right to Leave Encashment for Resigned Employees Upheld In a landmark decision, the High Court of Judicature at Bombay recently addressed a critical issue affecting employees who resign from their positions. In Writ Petition No. 12161 of 2019, the Court ruled in favor of petitioners Dattaram Atmaram Sawant and Seema Dattaram Sawant,… Read more »

Understanding the Revised Minimum Wage Rates in Madhya Pradesh: Effective from 1st April 2024

Posted by & filed under Minimum Wages-Madhya Pradesh.

Understanding the Revised Minimum Wage Rates in Madhya Pradesh: Effective from 1st April 2024 The Madhya Pradesh Labour Department has issued a major correction to the minimum wage rates, effective from 1st April 2024. This update follows a prior notice on 13th March 2024, which had set significantly higher minimum salary rates. The revised rates… Read more »

Revised Wages for Part-Time Casual Laborers in Puducherry: A Step Towards Economic Fairness

Posted by & filed under Minimum Wages-Puducherry.

Revised Wages for Part-Time Casual Laborers in Puducherry: A Step Towards Economic Fairness On May 13, 2024, the Finance Department of the Government of Puducherry issued a significant order that brings good news to part-time casual laborers across the Union Territory. With the latest revision in wages, effective from January 1, 2024, the government aims… Read more »

Uttar Pradesh Government Issues Notification on Variable Dearness Allowance 1st Apr 2024 to 30th Sept 2024

Posted by & filed under Uncategorized.

Uttar Pradesh Government Issues Notification on Variable Dearness Allowance On May 16, 2024, the Government of Uttar Pradesh released an important notification regarding the Variable Dearness Allowance (VDA) payable to employees in 74 scheduled employments under the Minimum Wages Act, 1948. This move aims to ensure fair wages for workers, reflecting changes in the cost… Read more »

Streamlining EPFO Claims Without UAN: A Comprehensive Guide to the New Temporary Measure

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

Streamlining EPFO Claims Without UAN: A Comprehensive Guide to the New Temporary Measure On 17th May 2024, the Employees’ Provident Fund Organization (EPFO), under the Ministry of Labour & Employment, Government of India, issued a pivotal circular addressing the challenges in settling physical claims in death cases without the Universal Account Number (UAN). This move… Read more »

Understanding the Latest Updates on PAN Inoperability: What You Need to Know

Posted by & filed under Income Tax.

Understanding the Latest Updates on PAN Inoperability: What You Need to Know The Ministry of Finance in India recently issued a crucial update that impacts millions of taxpayers and businesses. On April 23, 2024, the Central Board of Direct Taxes (CBDT) released Circular No. 6/2024, which partially modifies the earlier Circular No. 3/2023. This update… Read more »

Compliance Calendar May 2024

Posted by & filed under Compliance -Calendar.

Introduction: In the dynamic landscape of Indian business regulations, statutory compliance is not merely a legal obligation but a critical aspect of organizational governance. Navigating the statutory compliance calendar demands meticulous planning and execution to ensure adherence to diverse laws and regulations. Let’s delve into a comprehensive overview of the statutory compliance requirements for May… Read more »