The Minimum Rates of Wages for Un-Skilled Workers and for other categories of workers have been revised w.e.f. 01/03/2023. Please find the attached copy of notification for detailed information. Minimum Wages Notification in english
he Employees Provident Fund Organisation has slashed interest rate on provident fund deposits to 8.1% for 2021-22 from 8.5% credited in 2020-21 and 2019-20. This is the lowest in more than four decades. EPFO had credited 8.0% as interest rate in 1977-78. Since then, it has been either 8.25% or more. The interest rate of 8.1% has been declared based…
Being a Principal Employer, this fact must be known to you that even if thecontractors engaged by you are having a separate PF code number, the overall responsibilityof ensuring the compliance under EPF & MP Act, 1952 lies with the principal employer asper Section 8 of the Act read with Para 30 of Employees’ Provident Fund Scheme. EPF Circular related…
As per the Indian Constitution, ‘Minimum Wage’ has been defined as the level of income for skilled and unskilled workers which ensures a sustaining standard of living while also providing for some measure of comfort. A minimum wage not just supports the bare level of employment, but also seeks for viable continuous improvement. It aims at preventing exploitation of labour….
The Hon’ble Supreme Court has passed an Order recently (ESIC v/s Texmo Industries (Madras) dated 08 March 2021) stating that conveyance allowance or traveling allowance does not fall under the definition of ESI wages. This has been affirmed as a reported judgment by the Apex Court. So far, following the judgment passed by Hon’ble High Court of Karnataka, the conveyance…
Section 142 of the Social Security Code, 2020 has been notified by Ministry of Labour & Employment covering applicability of Aaadhar. The notification of section will enable Ministry of Labour and Employment to collect Aaadhar details for the database of beneficiaries under various social security schemes. National Data Base for unorganised workers (NDUW) is at an advanced stage of development…
In the wake of Coronavirus (Covid 19) in the country, a relaxation in the regulations of the Employees’ State Insurance (ESI) Act 1950 has been brought about. The Director-General of the ESI Corporation (ESIC) has relaxed the filing period of ESI contribution for the employers. There will, however, not be any impact on the employees working in establishments and contributing…
In a gazette notification, the Employees’ Provident Fund Organisation (EPFO) said the minimum death insurance has been increased to Rs. 2.5 lakh and the maximum to Rs. 7 lakh, from the earlier limits of Rs. 2 lakh and Rs.6 lakh, respectively. “The following proviso shall be inserted and shall be deemed to have been inserted with effect from the 15th…
The four labour codes will not come into effect from April 1 as States are yet to finalise the relevant rules, which means that there will be no change in take home pay of employees and provident fund liability of companies for now. Once the wages code comes into force, there will be significant changes in the way basic pay…
ESIC REACHES OUT TO ITS BENEFICIARIES TO PROVIDE MEDICAL CARE AND RELIEF DURING COVID-19 PANDEMIC. Please find the attached PDF File for more updates: ESI medical-benefit pdf