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Showing posts from March, 2017

Maternity Benefit (Amendment) Act, 2017

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 High lights of Maternity Benefit (amendment) Act 2017 are as under, A Long awaited Maternity Benefit Act amendment is passed by both the house necessary Notification is appended below Increase Maternity Benefit from 12 weeks to 26 weeks for 1st & 2nd children, and 12 weeks for more than 2 children. 12 weeks Maternity Benefit to a Commissioning Mother and adopting mother Facilitate work from home. Mandatory Provision of Crèche  to establishments having more than 50 or more total employees. Every establishment shall intimate in writing and electronically to every women at the time of her initial appointment about the benefits available under the Act. The Minister of Women and Child Development, Smt. Maneka Gandhi thanked the Minister for Labour and Employment, Shri Bandaru Dattatreya for taking up the demand of lakhs of women across the country and for having steered the Bill through Rajya Sabha as well as the Lok Sabha. In her message to the working women,

Introduction of Composite Claim Forms

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Introduction of Composite Claim Forms (Aadhar and Non-Aadhar) to replace existing Claim Forms No.1910C & 31 and Forms No.19(UAN), 10C(UAN) & 31(UAN)

Gratuity Upto Rs.20 Lakh Relaxed From Income Tax

Private-sector employees will soon be able to withdraw up to Rs.20 lakh in tax-free gratuity after the Centre decided to amend a law and bring them at par with central government staff. Currently, private sector employees can get tax exemption up to Rs.10 lakh in gratuity after five years of continuous employment. A tripartite meeting between the labour ministry, trade unions and employee bodies decided on Thursday that a bill to amend the Payment of Gratuities Act will be brought in the second half of the Budget session of Parliament. The Left-affiliated labour unions also demanded that employees get gratuity after one year of service but no decision was taken. The move comes after the seventh pay commission’s recommendation allowing central government employees to earn tax-exempted gratuity up to Rs.20 lakh. “It is a good move to bring the private sector at par with central government employees. This move will also partly offset the impact of inflation,” said Rahul Garg, leader

EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017

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EPFO the administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from  1st April, 2017  at 0.65 per cent  (zero point six five per cent.) of the pay as referred to in the said paragraphs  subject to a minimum sum of seventy-five rupees  per month for every non-functional establishment having no contributory member  and five hundred rupees per month per establishment for other  establishments. Further the Central Government hereby determines  that no sum shall be payable for the time being by the employer  in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the  Employees Deposit-Linked  Insurance Scheme, 1976  other than the expenses towards the cost of any benefits provided by or under that scheme.