PROVIDENT FUND CONTRIBUTIONS CAN BE DEPOSITED IN ANY OF THE PRIVATE SECTOR BANKS
The Government of India has amended paragraph 38 of the Employees’ Provident Fund Scheme stating the ‘Mode of Payment of Contribution’. Prior to June 2016 this paragraph was amended whereby in addition to State Bank of India other nationalised banks were included.
NOW by a Gazette of India Notification No. G.S.R.6(E) dated 4th January, 2017, paragraphs 38 and 48 of Employees’ Provident Fund Scheme have provided for remittances through All Scheduled Banks in India including Banks in Private Sector. The Gazette of India dated 4.1.2017 can be uploaded : www.labourlawreporter.com
AADHAAR MANDATORY FOR ENSIONERS
The Employees’ Provident Fund Organisation has made it mandatory for its about 50 lakh pensioners and around 4 crore subscribers to provide either Aadhaar or a proof that they have applied for it till January 31 to remain the beneficiary of its social security schemes. Gazette Notification No.S.O.26(E) dated 4.1.2017 can be uploaded : www.labourlawreporter.com
Planning for Effective and Economical WAGE STRUCTURE for Provident Fund contributions. Eminent subject experts of the Employees’ Provident Fund will enlighten the participants at the Seminar on 20th January, 2017 at Delhi by Labour Laws Institute. If your establishment is splitting the wages into allowances other than house rent allowance for provident fund contributions, it may result into heavy financial obligation and as such it is appropriate time to take remedial steps. A few seats may be available preferably for the subscribers of the Labour Law Reporter.
For further details : www.labourlawsinstitute.com Helpline : +919891114444 +918468000000 or 011-29842984.