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.

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.

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)

Posted by & filed under Minimum Wages-Tripura.

The Tripura Labour Department on 16th June 2023 , has decided to revise the Variable Dearness Allowance (VDA) for different categories of workers engaged in the employment of shops and establishments in Tripura and shall be payable with effect from 1st Apr 2023

To arrive at daily rates of wages the monthly rate shall be divided by 26 and rounded off to the next
rupee. The overtime rate shall be double of the ordinary rate of minimum wages.

Posted by & filed under Haryana-Labour Dept, Labour Welfare Fund.

Labour Welfare Fund (LWF) Haryana » HR Informative

Plz be informed that according to circular dated 27.06.2023 Haryana Labour Welfare Board has increased Labour Welfare Fund Contribution limit of employees from existing Rs. 25 to Rs. 31/- per month w.e.f. 01.01.2023 & the employer will continue to contribute twice the contribution of the employee.

So Now the contribution of Employee will be Rs 31 & Employer will be Rs 62. Per Month

LWF deduction is monthly, however the due date is 31 Jan of every year. Payment can be done monthly too.


This relates to establishments functioning in the state of Haryana & are covered under Punjab Labour Welfare Fund Act, 1965 as applicable to the state of Haryana.

Posted by & filed under Esic-Circulars.

The Government of India vide Notification No. N-17011/1/Bihar/2023-P&D, extended medical benefits, provided under Regulation 95-A of the Employees’ State Insurance (General Regulations, 1950, to the families of all insured persons in all the areas of Arwal, Jamui, Kaimur, Khagaria, Kishanganj, Madhepura, Madhubani, Nawada, Purnia, Sheikhpura and West Champaran, in addition to the already notified areas of the said districts, in the State of Bihar effective from 1st June 2023. Please refer to the notification for more details.

Posted by & filed under Compliance -Calendar.

Appended below is the Pan India Compliance calendar for July 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.

Posted by & filed under Esic Benefits.

ESIC Latest New Update | How to Update Aadhaar in ESIC Card | Aadhaar  Seeding for IP and Dependents - YouTube

The Employees’ State Insurance Corporation (ESIC) on May 25, 2023, notified regarding the Implementation of Aadhaar Seeding of Insured Persons using the IP portal or through their respective employer using the Employer Portal.

An online provision for seeding and authentication of Aadhaar has been developed and deployed in the online System whereby existing employees can seed Aadhaar numbers for themselves and their family members on a voluntary basis after verification of the OTP received on mobile from UIDAIA User manual containing the detailed procedure/workflow, for the handy assistance of the user/employees/employers.

In this regard, all Regional Directors/Dy. Director In-Charges are requested to galvanize all employers, employees, and beneficiaries to achieve the target of Aadhaar seeding within the stipulated time frame in respect of all employees and beneficiaries so that the eligible beneficiaries/IPs can avail of all benefits under the ESI scheme without any inconvenience.