Posts By: Prakash Consultancy Services

ESIC New Inspection Policy

Posted by & filed under ESIC.

Dear All,Greetings of the day ESIC issued new guidelines for Inspection, to their offices. Salient features are as under :a) Effective date is 1st April 2012.b) Less than 250 coverage, inspection will be once in 3 years.c) 250 or more coverage, inspection will be once in 2 years.d) Contractor’s Inspection will be annually.e) Apart from… Read more »

FAQ on ESIC

Posted by & filed under ESIC.

Dear All, As per many enquiry & Mails  regarding ESIC FAQ the Same is Enclosed for your ready reference ESIC-FAQ Courtesy :- http://esicmaharashtra.gov.in  

ABSTRACT OF GRAUTITY THE ACT AND RULES

Posted by & filed under Grautity.

FORM ‘U’ ABSTRACT OF THE ACT AND RULES   1.   Extent the Act.—The Act extends to the whole of India:       Provided that in so far as it relates to plantations a ports, it shall not extent to the State of Jammu and Kashmir. Section 1(2).   2.      To whom the Act Applies.— The Act… Read more »

Abstract of the Payment of Wages Act, 1936

Posted by & filed under Payment of Wages Act.

  Abstract of the Payment of Wages Act, 1936 and the Rules made thereunder   Whom the Act affects 1.                The Act applies to the payment of wages to persons in the factory or industrial establishment receiving less than Rs. 400 a month. 2.                No employed person can give up by contract, or agreement, his… Read more »

Faq On Leave Travel Allowance

Posted by & filed under Income Tax.

Leave Travel Allowance Que.: What is an LTA? Ans.:- An LTA is the remuneration paid by an employer for Employee’s travel in the country, when he is on leave with the family or alone. LTA amount is tax free.   Que.: Who can claim for an LTA? Ans.: If an employee is able to furnish… Read more »

E-Passbook for provident fund account holders

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

A new facility has been introduced by the provident fund organization. Now the account holder of provident fund can download electronic passbook of their account. This facility is for the active account holder. This will help over 50 million provident fund subscribers who can access their account and download passbook and statement online. The subscribers,… Read more »