Compliacne Calendar September 2023

Posted by & filed under Compliance -Calendar.

Appended below is the Pan India Compliance calendar for September 2023, the employer is under obligation to contribute towards some of the above-mentioned compliances for the welfare of the employees. Each of these compliances is again governed by a set of rules and formulas. It is proven to be a deliberate attempt to violate the provisions of the law, there could be imprisonment of the employer. Please, comply with the same in time to avoid any future non-compliance so that hefty penalties and fines are not charged by the respective dept.

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Public Holiday declared in New Delhi from 8th September to 10th September -2023

Posted by & filed under Delhi Shop & Establishment.

Micro Minorities: The Tribal Call for Protection to the G20 Summit

Delhi Chief Minister Arvind Kejriwal approves the proposal to declare a public holiday from 8 to 10 September in Delhi, given the G20 summit. All schools, and govt offices including MCD offices will be closed on these dates. All schools, offices of the city government and the Municipal Corporation of Delhi and private offices will now remain closed during the three days.

According to the proposal approved by the chief minister, all commercial and business establishments, including banks and financial institutions, located within the jurisdiction of the New Delhi police district will also remain closed from September 8 to 10.

On account of Public holiday all employees will be mark present and no cut in pay or Loss of pay no adjustment of leaves.

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ESIC notified implementation of the ESI Scheme in the areas falling under municipal limits of Surat Municipal Corporation in the state of Gujarat

Posted by & filed under Esic-Circulars.

A query was raised as to whether the areas/villages subsequently added to the municipal limits of Surat shall mutatis mutandis be treated as areas notified for the purpose of implementation of the ESI Act, 1948.

In this regard findings of Hon’ble High Court of Jammu & Kashmir and Ladakh in order dated August 27, 2021, against MA 362/2014 are relied upon. While deciding a similar case, Hon’ble High Court observed that “any area subsequently included within the municipal limits of the city would be deemed to have become subject to the provisions of the Act on the premise that the applicability of notification (notifying implementation of the ESI Scheme in a municipal area) would deemed to be coextensive and coterminous with the issuance of any subsequent notification by the local government, either including or excluding any area from the municipal limits of the city, as such, fresh/new notification would not be required to be issued in this regard by the Central Government under sub section (3) of Section 1 of the Act.

In light of the above, HQrs ESIC has clarified that no fresh notification is necessary in this regard. Thus, any area(s) falling within the municipal limits of Surat shall deemed to be treated as notified for the purpose of implementation of the ESI Scheme from the date such area(s) is declared as part of the municipal limits of Surat by the Competent Authority. This provision shall also apply to the areas included in the municipal limits of Surat in future.

Therefore, establishments/factories/institutions falling within the municipal limits of Surat and coverable under the provisions of the ESI Act shall immediately get themselves registered as per already defined procedure.

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Compliance Calendar Aug 2023

Posted by & filed under Compliance -Calendar.

Appended below is the Pan India Compliance calendar for Aug 2023, employer is under obligation to contribute towards some of the above-mentioned compliances for the welfare of the employees. Each of these compliances is again governed by a set of rules and formulas. It is proven to be a deliberate attempt to violate the provisions of the law, there could be imprisonment of the employer. Please, comply with the same in time to avoid any future non-compliance so that hefty penalties and fines are not charged by the respective dept.

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West bengal Minimum Wages from 1st July 2023 to 31st Dec 2023

Posted by & filed under Minimum Wages-WestBengal.

The minimum rates of wages for the employees employed in the following 30 (thirty) Scheduled Employments in the state of West Bengal shall be effective in the period from 1st July 2023 to 31st December 2023.
The minimum rates of wages have been updated with reference to the Fixation / Revision notifications as mentioned against each scheduled employment.

Implementing Areas:
1. Zone A: Areas under Municipal Corporations, Municipalities, Notified Areas, Development Authorities, Thermal Power Plant areas including Township Areas.

2. Zone B: Rest of West Bengal.

3. To arrive at daily rate, monthly rate shall have to be divided by 26 (to be rounded off to the nearest rupee) and to arrive at weekly rate, daily rate shall have to be multiplied by 6;
4. A normal working day shall consist of eight hours of actual work and not less than half hour of recess, subject to 48 hours of actual work in a week

5.One day in any period of seven days, as may suit the local convenience, shall be the day of weekly rest. The minimum rates of wages include the wages for weekly days of rest.
Payment for the work done on the day of weekly rest and for work done beyond the normal working hours shall be double the ordinary rates of wages.
6.Where the existing rates of wages of any employee based on contractor or agreement or otherwise are higher than the rates notified herein, the higher rates shall be protected.
7. The minimum rates of wages are applicable to the employees employed by contractors also.
8.The minimum rates of wages for disabled persons shall be the same as those payable to the workers of the appropriate category.
9.The men and women employees shall get the same rates of wages for the same work or work of similar nature.
10.The minimum rates of wages and variable dearness allowance, if any, both together shall constitute the minimum rates of wages to be enforceable under the Minimum Wages Act, 1948.

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EPFO declares 8.15% as EPF interest rate for FY 2022-23

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

EPF Interest Rate 2022-23 - Unacademy

EPF Interest Rate

EPF is a retirement benefits scheme under the Employees Provident Fund and Miscellaneous Act, 1952, where an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer as well on a month on month basis. The Scheme is managed by Employee Provident Fund Organization (EPFO). 

Current & historical EPF Interest Rates

The Interest rate of EPF is reviewed every year after consultation with the Ministry of Finance by EPFO Central Board of Trustees. The PF interest rate of 2023 is fixed at 8.15%. Provident fund Interest rates for the last five years are mentioned below:

YearEPF Interest Rate
2016-178.65%
2017-188.55%
2018-198.65%
2019-208.65%
2020-20218.55%
2021-20228.55%
2022-20238.15%

EPF Interest Rates 2022-23

The interest rate on EPF is reviewed on a yearly basis. The EPF Interest rate for the fiscal year 2022-23 is 8.15%. When the EPFO announces the interest rate for a fiscal year and the year closes, the interest rate is computed for the month-by-month closing balance and then for the entire year.

The year in which the new interest rates are published remains valid for the following fiscal year, i.e. from the year beginning on April 1st of one year to the year ending on March 31st of the following year. Here are a few key points to remember about EPF Interest Rate:

  • The interest rate of 8.15% has come into effect and will be applicable to EPF deposits made between April 2022 and March 2023.
  • Even though the interest is calculated monthly, it is only deposited to the Employees’ Provident Fund account once a year on March 31st of the applicable fiscal year.
  • The transferred interest is added to the next month’s balance, i.e. April’s balance, and is then used to calculate interest.
  • If no contributions are made to an EPF account for 36 months in a row, the account becomes dormant or inoperative.
  • Employees who have not reached retirement age might earn interest on their inactive accounts.
  • Interest is not paid on funds put in retired employees’ inactive accounts.
  • The interest collected on dormant accounts is taxed at the member’s slab rate.
  • The employee will not receive any interest for payments made by the company to the Employees’ Pension Scheme. However, beyond the age of 58, a pension is provided out of this amount.
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List and Contact details of HCOs (Health Care Organisations) on Panel with ESIC, RO Ahmedabad DETAILS OF TIE UP PATHOLOGY LABORATORY/DIAGNOSTIC CENTERS FOR ESI BENEFICIARIES (FORALLGUJARAT REGION)

Posted by & filed under ESIC-Hospital.

DETAILS OF TIE UP PATHOLOGY LABORATORY/DIAGNOSTIC CENTERS DOR ESI BENEFICIARIES (FOR ALL GUJARAT REGIONS) » Sensys Blog.

Enclosed is the List and Contact details of HCOs (Health Care Organisations) on Panel with ESIC, RO Ahmedabad DETAILS OF TIE UP PATHOLOGY LABORATORY/DIAGNOSTIC CENTERS FOR ESI BENEFICIARIES (FORALLGUJARAT REGION)

List-and-Contact-details-of-HCOs-Health-Care-Organisations-on-Panel-with-ESIC-RO-Ahmedabad-DETAILS-OF-TIE-UP-PATHOLOGY-LABORATORY-DIAGNOSTIC-CENTERS-FOR-ESI-BENEFICIARIES-FORALLGUJARAT-REGIONDownload
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