E.S.I.C. Contribution reduced wef 01/07/2019
Government of India: Rate of contribution under the ESI Act has been reduced from 6.5% to 4% (employers’ contribution reduced from 4.75% to 3.25% & employees’ contribution reduced from 1.75% to 0.75%). Reduced rates will be effective from 1st July 2019.
M/s Surya Roshni filed review petition in Supreme Court today (29 March 2019) to challenge verdict of SC
Important update in Supreme Court Judgement——This is to inform you that M/s Surya Roshni filed review petition in Supreme Court today (29 March 2019) to challenge verdict of SC Bench in its case of applicability of PF on all allowances. Good gesture. Let us now await final outcome in this petition before taking any further action.
EPFO has issued guideline to field staff, Utilizing and taking necessary action based on recent Supreme Court Judgement
SC rulling on spectial allownces dated 28th February 2019 for the purpose of computing monthy PF contribution
Supreme Court of India has passed a ruling on 28 February, whereby it has been held that allowances such as special allowance, canteenallowance, lunch incentives, conveyance allowance etc. are to be considered in the nature of wages, and therefore to be included for the purpose of computing monthly PF contributions.
Accordingly, the ruling will result in increased PF contributions being payable by companies in respect of employees whose basic wages are lower than INR 15,000 per month as well as in respect of foreign nationals treated as International Workers.
Amendment in the scheme guidelines of Pratdhan Mantri Rojgar Protsahan Yojna (version dated 23.02.2017) - reg
With the approval of Competent Authority the guidelinesof PMRPY dated 23.02.2017 have now been revised to insert the following Clause (as Para No. A (h) in thr Appendix of PMRPY guidelines:
" For claiming the benefits under PMRPY scheme for a particular month an employer is required to submit the ECR. In case the employer does not submit ECR for claiming benefits under PMRPY by 15th of subsequent month, he will not be eligible for availing the benefits under PMRPY scheme for that month".
THE PUNJAB LABOUR WELFARE FUND (HARYANA AMENDMENT) BILL, 2019 DATED 22-02-2019 DOWNLOAD