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Statutory & Compliance

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The Employees' Provident Fund Organisation (EPFO) is most likely to commence giving its recipients a decision to start withdrawing pension out from their account once they turn the age of 60, as compared to the 58-year maturity currently. The proposal for increasing the superannuation age was carried out by looking at various aspects. This proposal is expected to help the pension recipient grow his/her pension kitty....

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Parliament on Friday, July 30, 2019, passed the Wage Code bill to enable the introduction of a minimum wage for every worker among both formal and informal sector workers. It also passed the provision for no discrimination based on gender in either recruitment or payment of wages. This bill has the potential to improve women labour force participation rate in the country. It will universalize minimum...

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EPFO Members Now Can Link UAN With Aadhaar Online

"On the eve of Deepawali, the EPFO is pleased to introduce a new facility for its esteemed members having UAN and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services," the EPFO said in statement. Employees' Provident Fund Organization (EPFO) has now made it possible for their subscribers to link their...

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The Union government has notified the Payment of Bonus (Amendment) Act, 2015, allowing lakhs of workers to become eligible to bonus retrospectively from the last financial year, the Labour Ministry said in a statement on Friday. While the decision has enthused workers, industry is unhappy. It has written to the government suggesting ways to simplify bonus distribution. It has said the new Act will lead to...

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ESI has updated the employee salary cap to Rs. 25000 Changes can be made easily within myHRSuite to comply with the new ESI policy. ESI upload is available at the click of a button. Incase you require any assistance with ESI policy updates please dont hesitate to contact our ESI helpdesk us at [email protected] The government has decided to include more people under Employees’ State Insurance (ESI) which provides...

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