Posts By: Prakash Consultancy Services

Navigating the Landscape: A State-wise Exploration of 661 Districts under the ESI Scheme (As of January 11, 2024)”

Posted by & filed under Esic-Circulars.

Description: Dive into the intricate web of India’s social security infrastructure as we unveil a comprehensive breakdown of districts under the Employee State Insurance (ESI) Scheme.ESIC up-to-date information, as of January 11, 2024, reveals a nuanced perspective on the geographical distribution of 661 districts, categorized into 556 fully notified and 105 partially notified districts. Shedding… Read more »

“EPFO Removes Aadhaar as Proof of Date of Birth: Navigating Changes in Identity Verification”

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

Introduction: Introduce the recent circular issued by the Employees’ Provident Fund Organization (EPFO) and the corresponding directive from the Unique Identification Authority of India (UIDAI). Highlight the significance of this decision in the context of identity verification and the legal landscape.This information sheds light on an important change regarding the acceptance of Aadhaar as proof… Read more »

Unraveling the Web: How the Income Tax Department Uses AI to Catch Fake Rent Receipts and Ensure Tax Compliance in India

Posted by & filed under Income Tax.

Submitting fake rent receipts to claim House Rent Allowance (HRA) for tax benefits is considered illegal, and the Income Tax Department in India is taking steps to crack down on such practices. Here are some key points on how the department detects fake rent receipts: Use of Artificial Intelligence (AI): The Income Tax Department is… Read more »

Karnataka Compulsory Gratuity Insurance Rules, 2024

Posted by & filed under Grautity.

The Karnataka Compulsory Gratuity Insurance Rules, 2024, issued by the Government of Karnataka, outline regulations regarding the payment of gratuity to eligible employees. Here’s a summary of the key provisions: 1. Title and Commencement These rules are named the Karnataka Compulsory Gratuity Insurance Rules, 2024. They come into force from the date of publication in… Read more »

Minimum Wages in West Bengal: w.e.f 01st January, 2024 to 30th June, 2024

Posted by & filed under Minimum Wages-WestBengal.

The circular from the Office of the Labour Commissioner, Government of West Bengal, outlines the minimum rates of wages for employees in the state for the period from January 1, 2024, to June 30, 2024. Here are the key points from the circular: Scheduled Employments: The minimum rates of wages apply to 30 Scheduled Employments… Read more »

Navigating the Indian Compliance Calendar: Embracing 2024 with Commitment

Posted by & filed under Compliance -Calendar.

As we bid farewell to the past year and welcome the promises of the new one, the Indian business landscape gears up for another journey through the compliance maze. The start of 2024 brings with it a fresh perspective and a renewed commitment to adhere to the ever-evolving regulatory requirements. In this blog, we’ll navigate… Read more »

The Assam Minimum Wages Notification (Jun 2023) declared on 5th Dec 2023

Posted by & filed under Minimum Wages -Assam.

Class of Employment Wage Per Day Wages Per Month Previous VDA Cumulated New VDA Per Month Total Per Month Total Per Day Unskilled Workers ₹ 240.00 ₹ 7200.00 ₹ 2468.74 ₹ 131.76 ₹ 9800.50 ₹ 326.68 Semi-Skilled / Unskilled Supervisory ₹ 280.00 ₹ 8400.00 ₹ 2837.38 ₹ 153.72 ₹ 11391.10 ₹ 379.70 Skilled Workers / Clerical Workers ₹ 350.00… Read more »

ESIC Aadhar Seeding Application due to e-KYC changes by UIDAI.

Posted by & filed under Esic-Circulars.

ESIC Aadhar Seeding Application due to e-KYC changes by UIDAI. The letter provides instructions and updates regarding the process of seeding Aadhar details for insurance persons and their family members. Here’s a summary of the key points in the letter: Background: The letter refers to previous instructions on Aadhar seeding issued on 25.05.2023 and 31.10.2023…. Read more »

FAQ on the SOP for Inspection of Establishments as per Circular released by EPFO

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

Explore the intricacies of EPFO inspections with our detailed breakdown of Circular CAIU/056/V-III/2023/2291. Gain insights into the latest guidelines, FAQs, and essential procedures for seamless compliance.” Detailed explanation and some specific guidelines for employers, as per the FAQ mentioned in the circular is presented in tabular format: FAQ Number Question Answer and Explanation Employer’s Action/Consideration… Read more »

December 2023: A Guide to Compliance Calendar and its Significance

Posted by & filed under Compliance -Calendar.

Navigating December 2023: A Guide to Compliance Calendar and its Significance Introduction: As we approach the end of 2023, businesses and individuals alike are gearing up for a new wave of statutory changes set to take effect in December. To stay on top of these regulatory shifts, it’s crucial to have a well-organized compliance calendar…. Read more »