Blog - Page 56 of 90 - Prakash Consultancy services

Effective from 15^th February 2018, Ministry of Labour and Employment has introduced minimum assurance benefit of Rs. 2.5lakhs and maximum of 6 lakhs.

Accordingly, the proviso under para 22(3) (i) has been substituted as under;

the minimum assurance benefit of Rs. 2.5 lakhs shall be in force for a period of two years from the date of publication of this Scheme in the Official Gazette.

Please refer the attached notification for more details

👉EDLI Assurance Benefit Min Max ceiling_15.02.2018

Post Views: 1,766

The Tamil Nadu Labour Welfare Fund (Amendment) Act, 2018

Labour Welfare Fund

Prakash Consultancy Services

February 18, 2018

As per notification published in the official gazette dated 30th January 2018, the Government of Tamil Nadu has amended The Tamil Nadu Labour Welfare Fund Act, 1972. Currently the Act defines that a person who being employed in a supervisory capacity earning wages exceeding three thousand and five hundred rupees per mensem would be excluded from the coverage of the Act. The amendment now states that any person in a supervisory capacity drawing wages exceeding fifteen thousand rupees per mensem will be excluded from the coverage of the Act. The State Government shall by separate notification release the effective dates for the Act

State	Name of the Act	New Section
Tamil Nadu	Tamil Nadu Labour Welfare Fund Act, 1972. Rules 1973	In section 2 of the Tamil Nadu Labour Welfare Fund Act, 1972, in clause (b), in sub-clause (i), in item (b),

	Ceiling limit In 1997	Ceiling limit Amendment 2018
	3500/Month	15000/Month
	Tamil Nadu Act 36 of 1972)	Tamil Nadu Act 36 of 1972) Amendment – 2018
	Excludes persons in supervisory category, drawing wages exceeding three thousand and five hundred rupees per Month	Many supervisory staff are excluded from the purview of the above Act. The Government have, therefore, decided to bring more number of workers under the purview of the said Tamil Nadu Act 36 of 1972 and to amend section 2(b)(i)(b) of the said Tamil Nadu Act 36 of 1972 suitably so as to enhance the ceiling limit of wages to fifteen thousand rupees per Month.

Notification :- The Tamil Nadu Labour Welfare Fund (Amendment) Act 2018

Post Views: 2,127

Maharashtra Minimum Wages 1st January 2018 to 30th June 2018

Minimum Wages-Maharashtra

Prakash Consultancy Services

February 6, 2018

Maharashtra Minimum Wages 1st January 2018 to 30th June 2018 has been published

Marathi Version :-Maharashtra Da jan -2018.pdf

English Detail Version Maharashtra MW 01-01-2018 to 30-06-2018.pdf

Post Views: 2,789

EPF Form No 5A /14b & 7Q

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

January 30, 2018

New Delhi: Taking another step towards going paperless, retirement fund body EPFO on Tuesday said it has launched facilities for employers to pay dues and update ownership details online.

Employees’ Provident Fund Organisation (EPFO) has provided facility of online submission of Form 5A (Return of Ownership), it said in a statement.

EPFO added it has discontinued the physical submission of the form.

Earlier, the employers had to submit a physical copy of Form 5A to the concerned EPFO field office upon new registration of establishment and whenever there was any change in ownership details.

Now, employers can update Form 5A online and submit with e-signature. This will not only reduce the unnecessary paperwork but also avoid visits to EPFO field offices.

EPFO has also launched the facility for online payment of Section 14B and Section 7Q dues.

It said that for facilitating ease of doing business, it has launched the online functionality for calculation and payment of damages under Section 14B and interest under Section 7Q against belated remittances.

If an employer makes payment of dues after the due date, he/she is liable to pay damages (under Section 14B) and interest (under section 7Q).

So far, the EPFO used to send the notices to employers under Section 14B and Section 7Q against their belated payments.

Under the new functionality for belated payment, the employer can select the cases where he/she wants to make payment immediately.

The system will generate auto challan. The employer can know the 14B and 7Q dues immediately and make the payment accordingly, thereby avoiding the requirement of visits to EPFO field offices, it added.

circular-Form No 5A 👉 Form No 5A Online Submission

Post Views: 2,040

Facility to link UAN with Aadhaar at EPFO eKYC portal

Provident Fund Benefits

Prakash Consultancy Services

January 20, 2018

Facility to link UAN with Aadhaar at EPFO eKYC portal

Respected Sir/ Madam,

It is informed that functionality to “LINK UAN WITH AADHAAR” is provided in eKYC Portalavailable at web address https://iwu.epfindia.gov.in/eKYC/:

1. For Members having Mobile Number linked with UAN:-

The functionality for “LINK UAN WITH AADHAAR” provided to Members online has been enhanced by providing additional facility to verify Aadhaar using Biometric.

2. For Employer with login-id and password of unified portal:-

The functionality “LINK UAN WITH AADHAAR” has been extended to the Employersfor verification of Aadhaar of their respective employees either using Mobile/Email based OTP or using Biometrics

Post Views: 2,037

Karnataka Minimum wages Hike Dec-2017-(30.12.2017)

Minimum Wages-Karnataka

Prakash Consultancy Services

January 8, 2018

The proposal of the Government of Karnataka to revise the Minimum Wages for 37 Scheduled Employments listed below was circulated vide KEA Circular No.70 of 2017 dated 24.5.2017.

Sl.No. Scheduled Industry

01 Areca Nut

02 Bakeries

03 Biscuit Industry

04 Brass Copper &Aluminium Industry

05 Bricks Industry

06 Cardamom Malais & Cardamom Gardens

07 Chemical Industry

08 Cinchona Rubber, Coffee, Tea or Coffee Plantations

09 Cinchona Rubber, Coffee, Tea or Coffee Plantations(Non Staff)

10 Cloth Dyeing & Printing

11 Confectionary Industry

12 Co-operative Societies

13 Cotton Ginning

14 Crystal Cutting

15 Employment not Covered in any of the Industries

16 Engineering Industry

17 Granite Stone & Marbles

18 Khandasari Sugar Factory

19 Mandakki Batti

20 Metal Rolling & Re-Rolling(Ferrous) Industry

21 Metal Rolling & Re-Rolling (Non – Ferrous) Industry

22 Mosaic Tiles, Flooring Tiles or Glazing tiles

23 Petrol & Diesel Oil Pump Industry

24 Plywood Industry

25 Pulp Paper, Card Board, Straw Board,Newsprint.

26 Rubber Products (Including Foam & Coir Rubberised Products)

27 Rice Flour Or Dhal Mills

28 Sericulture (1)

29 Sericulture (2)

30 Shops & Commercial Establishments

31 Spinning Mills Industry

32 Stone Breaking

33 Textile Silk Industry

34 Tiles Industry

35 Tobacco Processing

36 Toddy Tapping

37 Wood Work Including Carpentry & Saw Mill Industry

The Government of Karnataka has issued a Final Notification revising the Minimum Wages of 37 Scheduled Employments effective from 30.12.2017. The salient features of the Minimum Wages and other conditions pertaining to Unscheduled Employments is given below More or less, the same wage rates are applicable to other Scheduled Employments except Plantations, which is in the range of Rs.7930 to 8144 Per Month. However, all other conditions are uniform.

WAGE:-

Highly Skilled : Basic Rs.15,423.40 + VDA

Skilled : Basic Rs.14,021.27 + VDA

Semi Skilled : Basic Rs.12,746.61 + VDA

Unskilled : Basic Rs.11,587.83 + VDA

VDA :

VDA payable @ 4 paise per point increase over and above CPI 6537 effective from the date of the Notification i.e., 30.12.2017. VDA payable will be Rs.367.20, in addition to the above wages

👇

Notification:- Minimum Wages Draft Notification 2017

Post Views: 2,197

Goa Factory License Fees Changes

Factory Act

Prakash Consultancy Services

January 8, 2018

As per notification published in the Goa Official Gazette dated 4th January 2018, the Government of Goa has changed the fees for license, renewal of license and has extended the period of license renewal from five years to ten years. In case of a factory coming within the scope of the Act, where the application for registration and grant of license is made after the commencement of the manufacturing process, the occupier and manager, from the date of commencement of the manufacturing process till the date of submission of application for registration and grant of license, shall be liable to pay additional fee at the rate of two hundred percent of the fees payable per year. In case of closure of factory, along with notice of closure information sent shall be accompanied by a treasury receipt or an invoice for book adjustment, as the case may be, for payment of the fees due to be paid, if any, till the date of closure and a declaration stating that there is no presence of hazardous chemicals in the premises of the closed factory or the said hazardous chemicals have been shifted/disposed off in accordance with the relevant rules in force

👇

Notification:- Goa Factories License Fees Changes

Post Views: 1,890

The Minimum Wages (Karnataka Amendment) Act, 2017

Minimum Wages-Karnataka

Prakash Consultancy Services

November 29, 2017

New Amendment under Minimum wages act 1948 of Karnataka

Government of Karnataka has released the Minimum Wages (Karnataka Amendment) Act, 2017, as per the Amendment Act the Karnataka Government has increased the penalties under the Section 22 and Section 22A of The Minimum Wages Act, 1948

1. Short title and commencement.

2. Amendment of section 20.

3. Amendment of section 22.

4. Amendment of section 22A

2. Amendment of section 20.- In section 20 of the Minimum Wages Act,

1948 (Central Act XI of 1948), (herein after referred to as the Principal Act,-

(i) in sub-section (1), for the words “not below the rank of Labour Commissioner”, the words “not below the rank of Assistant Labour Commissioner” shall be substituted. (ii) in sub-section (4), for the words “fifty rupees” the words “one thousand rupees” shall be substituted.

3. Amendment of section 22.– In section 22 of the Principal Act for the

words “ which may extend to five hundred rupees” the words “which shall not be

less than five thousand rupees but which may extend to ten thousand rupees” shall be substituted.

4. Amendment of section 22 A.– In section 22A of the Principal Act, for the

words “five hundred rupees” the words “ten thousand rupees” shall be substituted

Circular:-👇

The Minimum Wages (Karnataka Amendment) Act, 2017

Post Views: 2,173

Implementation/ Extension of ESI Scheme in the Municipality and Notified Area Council (NAC) of the (3) Districts of Gajapati, Kendrapara and Nayagarh in the State of Odisha (District Hqrs)

Esic-Circulars

Prakash Consultancy Services

November 29, 2017

Additional district are covered from 1st Nov 2017 (Implementation/ Extension of ESI Scheme in the Municipality and Notified Area Council (NAC) of the (3) Districts of Gajapati, Kendrapara and Nayagarh in the State of Odisha (District Hqrs)

👇
Circular:- Extension of ESI Scheme in the Municipality in the State of Odisha District Hqrs

Post Views: 1,780

Instructions for Profession Tax Registration Certificate (PTRC) TIN holder, regarding selection of period while making the payment

Profession Tax- Maharashtra

Prakash Consultancy Services

November 29, 2017

Instructions for Profession Tax Registration Certificate (PTRC) TIN holder, regarding selection of period while making the payment.

a) In the SAP-TRM based system PTRC e-returns are linked with the e-payment of respective period. MGSTD is receiving many complaints in respect of the problems faced by the employers while filling PTRC e-return. Major complaints mention that even though the payments are made, the same are not being reflecting in the return. It is noticed that many employers are making mistake while selecting period at the time of making payment. In this regard it is necessary to clarify provisions of Rule 11 of PT Rules 1975.As per Rule 11 of the Profession Tax Rules 1975; everyemployer whose Annual tax liability for the previous year or part thereof was

i) below Rs 50,000 shall file annual return for current year. Such return shall contain details of salary, wages and arrears paid in respect of March of Previous financial year to Feb of current financial year

ii) Rs 50,000 or above shall file monthly return. Such return shall contain details of salary and wages including any arrears paid in respect of the month immediately preceding the month to which the return relates.

Example: This illustration is given on the web-site www.mahavat.gov.in >> Acts & Rules >> Rules >> Maharashtra State …….. Employments Act 1975 >> Rule 11.

An employer pays salary or wages for the month of April on a date during the same month or the succeeding month i.e. May. This payment shall be shown in the return for May to be furnished on or before the 31st May.

Considering the above example, the employer should select / enter period as 1st May to 31st May while making the payments of PTRC for depositing PT deducted from the salary / wages of April of that year.

b) As per Section 6(2) of the PT Act 1975, every return shall be accompanied by a treasury challan as the proof of payment of full amount of tax due according to the return and a return without such proof of payment shall not be deemed to have been duly filed. Therefore, the PTRC e-returns, where the balance payable is more than zero are not accepted by the system.

Selecting proper period while making payment will resolve the issue of balance payable shown in the draft PTRC e-return.

Please find attached circular specifying the procedure of e-payment under SAP system

👇

Circular :- New E-payment Process of Maharashtra Profession Tax

Post Views: 1,704