Corporate Tax Slashed: Markets Fire Up
Tuesday, Oct 1, 2019
Nirmala Sitharaman, the Minister of Finance of India, slashed effective corporate tax to 25.17 percent, inclusive of all cess and surcharges, for domestic companies, which will be applicable from the…
Karnataka Implements Daycare Facility Rules
Tuesday, Oct 1, 2019
The Karnataka government has passed a Karnataka Maternity Benefit (Amendment) Rules 2019, which states all establishments with a staff strength of 50 or more are required to provide creche…
SC Clubs Special Allowances With Basic Pay
Tuesday, Oct 1, 2019
Arun Mishra and Naveen Sinha, a bench of Justices of the Supreme Court of India, passed judgment on February 28 that employers cannot segregate 'special allowance' from basic wages for PF deductions…
Only 1.2 Million Jobs Created In June: ESIC data states
Tuesday, Sep 3, 2019
According to the data from the Employees’ State Insurance Corporation (ESIC), 12.19 lakh jobs were created in June, lower than 12.88 lakh created in May.
The National Statistical Office (NSO)…
EPFO Recovers PF Dues Outstanding In 2018-19
Tuesday, Sep 3, 2019
Employees' Provident Fund Organisation (EPFO), the retirement fund body, recovered Rs. 459.81 crore out of Rs. 1,251.44 crores during 2018-19, which was informed to the Parliament in the mid-week of…
ESIC Contribution Reduced For Employers And Employees
Tuesday, Sep 3, 2019
The Contribution of employers and employees towards ESIC is reduced to 4% from existing 6.5% under the Employees’ State Insurance (ESI) by the government of India.
The reduction expects to increase…
Lok Sabha Bill Guarantees Minimum Wage to Workers
Tuesday, Aug 6, 2019
On August 10, a bill was introduced in the Lok Sabha and was referred to Parliamentary Standing Committee. The committee submitted its report on December 18, 2018. The government accepted seventeen…
Threshold Limit For Draft Notification Under ESIC Reduced
Tuesday, Aug 6, 2019
A draft notification was introduced by the ESIC board in February this year with regards to Government's proposal to enhance wage ceiling for dependent parents. According to the draft notification,…
A Landmark Judgment On Provident Fund (PF) Contributions
Tuesday, Aug 6, 2019
Hon. Supreme Court of India (SC) announced a landmark judgment on provident fund (PF) contributions (PF Judgment) in March 2019. SC’s attempt to solve the 'basic wages' puzzle has created…
Mandatory Tax Filing For High Spenders
Tuesday, Aug 6, 2019
Income tax filing has been made mandatory for people who spend high, even if their taxable income is below the threshold exemption limit of Rs 5 lakh.
According to the amendment, the filing is…
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