Brick HR

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, le...

Labour Ministry asks EPFO, ESIC not to inspect startups for 3 years NEW DELHI: The Labour Ministry has directed retirement fund body EPFO and health insurance provider ESIC to exempt startups from inspection and filing returns for 3 years. In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws. Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or  .. Read more at: http://economictimes.indiatimes.com/articleshow/50717735.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Labour Ministry has directed retirement fund body EPFO and health insurance provider ESIC to exempt startups from inspection and filing returns for three years .  In line with Prime Minister Narendra Modi’s vision to nurture startups, the ministry said in a set ...

LIC Group Gratuity - Street HR

Kindly click on the link Attached language Shops & Establishment Act - Maharashtra in  Marathi   ; Uttar Pradesh in Hindi ; Minimum Wages Act- Maharashtra in  Marathi ; Uttar Pradesh in Hindi   ;  Payment of Gratuity Act - Marathi   Payment of Wages Act - Marathi    Payment of Bonus Act -  PAN India - English ; Maternity Benefit Act -  Maharashtra in Marathi ; Form K Child Labour (Abolition & Regulation) Act-  Maharashtra in Marathi (not available - will provide soon) Tamil Nadu in English & Tamil ;  Equal Remuneration Act    Andra Pradesh in   English    Contract Labour (R&A) Act Maharashtra in Marathi (not available - will provide soon);  Andra Pradesh in English ; Andra ;  Tamil Nadu in English & Tamil