Posts By: Prakash Consultancy Services

The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Amendment Bill, 2024

Posted by & filed under POSH-ACT.

The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Amendment Bill, 2024, introduced by the Rajya Sabha on February 02, 2024, proposes significant changes to the existing Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013. The key amendments outlined in the bill are as follows: Amendment to Section 9:… Read more »

Streamlining EPF Profile Updates: A Comprehensive Guide for Employees and Employers

Posted by & filed under Provident fund -News, Provident Fund Benefits.

Introduction: The EPFO (Employees’ Provident Fund Organization) is a governmental body in India under the Ministry of Labour and Employment. It administers social security schemes, including the Employee’s Provident Fund Scheme, Family Pension Scheme, Employees’ Pension Scheme, and Employees’ Deposit Linked Insurance Scheme. The Joint Declaration process aims to correct member profiles to minimize rejections… Read more »

Minimum Wages in SEEPZ Special Economic Zone Maharashtra 1st Jan 2024 to 30th June 2024

Posted by & filed under Minimum Wages-Maharashtra.

Introduction: In SEEPZ (Special Economic Zone, Mumbai), maintaining fair compensation practices is imperative to uphold the rights and well-being of workers. The setting of minimum wages plays a crucial role in ensuring that employees receive adequate remuneration for their labor. This article explores the minimum wage structure specifically for the electronics sector within SEEPZ and… Read more »

EPFO Recommends 8.25% Interest Rate for EPF Subscribers: A Boon for Financial Well-being”

Posted by & filed under Provident fund -News.

Introduction: In a significant development for millions of subscribers of the Employees’ Provident Fund Organization (EPFO), the Central Board of Trustees (CBT) has recommended an annual interest rate of 8.25% to be credited on EPF accumulations for the financial year 2023-24. This decision, made during the 235th CBT meeting held on February 10, 2024, marks… Read more »

Streamlining Employee Benefits: The e-Pehchaan Card Initiative under the ESI Scheme

Posted by & filed under Esic Benefits, Esic-Circulars.

Title: “Streamlining Employee Benefits: The e-Pehchaan Card Initiative under the ESI Scheme” Introduction: In a significant move towards enhancing efficiency and accessibility in employee benefits, the Ministry of Labour and Employment (MoL&E) has issued a circular , emphasizing the issuance of e-Pehchaan cards to all Insured Persons (lPs) under the Employees’ State Insurance (ESI) Scheme…. Read more »

Navigating Revised Minimum Wages: Maharashtra Compliance Guide (Jan 1, 2024 – June 30, 2024)

Posted by & filed under Minimum Wages-Maharashtra.

Introduction: Stay ahead of the curve with our comprehensive guide on implementing the Revised Minimum Wages in Maharashtra, ensuring seamless compliance from January 1, 2024, to June 30, 2024. Section 1: Understanding Maharashtra’s Regulatory Landscape Unravel the intricacies of Maharashtra’s employment regulations, with a focus on the latest revisions in minimum wage requirements. Explore the… Read more »

“Navigating Compliance in February 2024: Your Guide to a Proactive Calendar

Posted by & filed under Compliance -Calendar.

Introduction: As we step into the second month of the year, businesses are presented with a fresh set of compliance challenges and opportunities. Staying ahead of regulatory changes, deadlines, and industry updates is crucial for maintaining a seamless and legally sound operation. In this blog, we’ll explore the key compliance considerations for February 2024 and… Read more »

“Mastering Tax Efficiency: A Comprehensive Guide to Maximize Deductions for Salaried Individuals in FY2023-24”

Posted by & filed under Income Tax.

The provided information outlines various income tax deductions that salaried taxpayers can claim in the financial year 2023-24 without the consideration of Home Rent Allowance (HRA) or a loan. Here’s a summary of the deductions mentioned: Deduction Section Description Tax Saving Limit Applicable Income Tax Regime Section 80C – Unlocking Financial Freedom: Explore a bouquet… Read more »

“ESIC’s Latest Update: Streamlining Aadhaar Seeding with Face Authentication on AAA+ Mobile App”

Posted by & filed under Esic Benefits, Esic-Circulars.

Introduction: In a recent development, the Employee State Insurance Corporation (ESIC) has taken a significant step towards enhancing the Aadhaar seeding process. The circular issued on January 10, 2024, introduces a groundbreaking feature – face authentication – on the AAA+ Mobile App. This update aims to simplify and expedite Aadhaar seeding for Insured Persons (IPs)… Read more »

Historic Consecration: Uttar Pradesh Declares Public Holiday for Lord Shri Ram’s Temple Ceremony”

Posted by & filed under Uttar-Pradesh -Govt.

In a historic move, the Government of Uttar Pradesh has officially declared a public holiday on January 22, 2024. The announcement, made on January 16, 2024, comes in anticipation of the consecration ceremony of Lord Shri Ram in the temple constructed within the Ram Janmabhoomi complex in Ayodhya. This decision, aligned with the Negotiable Instruments… Read more »