MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 7/2016 – Income-tax New Delhi, Date: 19th February, 2016 O. 529(E).- In exercise of the powers conferred by sub-section (1) of section 80CCD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the ‘Atal Pension Yojana (APY)’ as published in the… Read more »
Posts By: Prakash Consultancy Services
Indian Government puts limit on early withdrawal from provident fund
Dear all As per my earlier blog as in regards to Major 3 Latest Amendments In EPF And EDLI pls find the details in brief:- =========================================================== In brief The Ministry of Labour and Employment, Government of India, has made a few amendments in the Employees’ Provident Fund Scheme, 1952 (PF Scheme). These are effective from 10 February 2016. Key… Read more »
Major 3 Latest Amendments In EPF And EDLI
Please Refer Herewith Enclosed ” Latest Amendments In PF And EDLI ” Summarised Version Of The Three Attachments: 1. Amendment To Para 26A Etc: Pertains To Withdrawal. Under Para 68NN, A Member Had The Option To Withdraw Upto 90% Of Total Accumulations One Year Before Superannuation Or 54 Years. By This Amendment, 54 Years… Read more »
Bonus Amendment ( 2015) Allahabad High Court Stay
Dear all, Allahabad High Court endorses the retrospective stay of bonus granted by Karnataka High Court Pls refer to the said Order Order-on-Amendment-of-Bonus-Act-All-HC
EPF Grievances ob Android Mobile App
The Government of India has launched the CPGRAM Mobile App which can be installed on the android mobile phone for lodging the grievance, lodging the reminder/ clarification, and viewing the status of the grievance lodged earlier. You are requested to inform your employees of this facility.Step to install the Mobile App:-1. Log on to http://pgportal.gov.in2. Capture… Read more »
No Inspection for the Startup New Company under EPFO
Good Evening all! Pls refer to the said circular as issued by the EPFO in regards to No Inspection for the Startup New Company under EPFO. The directions were issued from the Secretary ( Labour & Employment) where in No inspection will be carried out by the EPFo Official for Next three years Start-Ups are allowed to submit self-certified… Read more »
Madhya Pradesh Labour office follows Stay Orders by Kerala & Karnataka High Courts in Bonus amendment 2015
Dear all As per the recent amendment in the Bonus act 2015 after the release date of one month as already passed and as in my earlier blog i have been advising to hold the payout of the same as Kerala High court stay order Pls refer to the respective link. https://blog.pcsmgmt.com/2016/01/stay-order-high-court-of-kerala-payment.html Similarly Karnataka high court also passed the… Read more »
Now, generate your rent receipts online to claim HRA benefits
No need to run around to get tax receipts to claim the house rent allowance ( HRA) benefit anymore. You can generate them online now. Cleartax.in, the online tax filing platform has launched an auto rent receipt generator for its users. It is a free-to-use product that automates the generation of rental receipts and assists… Read more »
Interim Order in Bonus Amendment(2015) Matter Karnataka State
Dear All, Pls refer to the Vide Circular No. 15/2016 dated 2.2.2016 the Karnataka Employers’ Association and another Establishment have filed the Writ Petition before Honble High Court of Karnataka in WP No.5272 & 5311/2016 challenging the portion of the Payment of Bonus (Amendment) Act 2015). In my view as two State High Court Order have been… Read more »
Maharashtra Minimum wages Revision from 1st Jan 2016 till 30th Jan 2016( English Version)
Dear all, As per per earlier blog as published in regards to Maharashtra Minimum wages Revision from 1st Jan 2016 till 30th Jan 2016 which was in local State Language & as per the earlier comments & demand I have made the English Version of the same. In the said Minimum wages revision Pls add 5%… Read more »