Showing posts with label Compliance News. Show all posts
Showing posts with label Compliance News. Show all posts

Friday, October 16, 2015

Compliance News @Mynd: Telangana minimum wages w.e.f 1st October 2015 to 31st March 2016




Please find enclosed Telangana minimum wages for the period 01.10.2015  to March 31, 2016. 

 http://www.myndsolution.com/statutory-compliances.html


PFB the revised Minimum Wages
                                 

Category
Previous Wages
Revised Wages (1.10.2015 to 31.3.2016)

DA  Points 1169


DA  Points 1185

Basic
VDA
Total
Basic
VDA
Total







Peon/Attender/ Watchman/ Water Boy/ Helper/ Messenger
3700
4122
7822
3700
4224
7924
Un-Skilled






Weighman/ Kolgari/ Computer Operator
3886
4122
8008
3886
4224
8110
Semi Skilled






Clerk/ Typist/Clerk-cum-Typist/ Godown Incharge/Lineman/ Assistant Salesman/ Asst.Accountant/ Xerox Machine Operator
4102
4122
8224
4102
4224
8326
Skilled






Salesman, Stenographer,Receptionist,Auction Bider, Type Writer Instructor, Electrician, Radio Mechanic, Optical Mechanic, Surfacer, Grinder, Photographer, Photo Artist, Typewriter, Mechanic, T.V.Mechanic, Fitter, Turner, Welder and Plumber, Mason etc.
4520
4122
8642
4520
4224
8744
Highly Skilled






Accountant/ Asst.Manager/ Sales Executive/ Supervisor/ Purchaser/ Store Keeper/ Agent/ Sales Promotion Employees
4722
4122
8844
4722
4224
8946







Manager/ Field Officer/ Development Officer/ Office Incharge/ Computer Programmer

5557
4122
9679
5557

4224
9781

Wednesday, October 7, 2015

Compliance News @ Mynd: Haryana Government increases minimum wages





This is to bring to your notice that the Haryana Government on September 25, 2015, revised the legal minimum wage in the state by 29% wage for unskilled and 48% for highly skilled workers. The rise will be effective from November 1, 2015.        

Please find below the revised Minimum wages

Category of Workers
Current Wages (Rs.)
Revised wages per month (Rs.)
Revised wages per day (Rs.)
Unskilled
5,886.67
7,600.00
292.31
Semi-skilled A
6,016.67
7,980.00
306.92
Semi-skilled B
6,146.67
8,379.00
322.27
Skilled A
6,276.67
8,797.95
338.38
Skilled B
6,406.67
9,237.85
355.3
Highly skilled
6,536.67
9,699.74
373.07


http://www.myndsolution.com/statutory-compliances.html



Monday, September 7, 2015

Compliance News @ Mynd: EPFO Introduces new Form 19





We would like to inform  that  EPFO has introduced new Form 19 . With immediate effect, EPFO has stopped accepting withdrawal claims in old form 19. Very soon Form 19 will be available on the EPFO web site .

Attached is the new Form 19 for your reference and necessary action.




Note: The claims which are due for submission has to be filled in new form 19. Also as per the notification all withdrawal claims should be supported by either

·         FORM-NO-15H (for Senior citizen) or

·         FORM-NO-15G (for those below 58 years) and photocopy of Pan card of members 





Friday, August 28, 2015

Mandatory Deposit of Contribution through Internet Banking extended till December 31 for Small Employers



We would like to inform that mandatory deposit of EPF Contributions through internet Banking has been extended till  December 31, 2015 for small employers.

EPF department has earlier informed to all Employers that it is mandatory for all establishments contributing above Rupee one Lakh to make compulsory payment of EPF through online mode only with immediate effect. Further, establishments contributing less than one lakh in a month may deposit EPF contribution through offline mode till September,2015.

Now EPFO department has extended the mandatory EPF due date for small employer contributing less than one lakh in a month to 31.12.2015.




Note: From January 1, 2016 all establishments (without any minimum Limit) shall be required to deposit EPF contribution only through online banking. 


EPF department circular bearing No. Bkg.1(4)2010/Online Remittance/Vol. II/22138 dated 19th August , 2015  in this regard and ministry of labour order bearing No. Bkg.1(4)2010/Online Remittance/Vol. II/22137 dated 19th August , 2015 is attached  for your ready reference 


Thursday, August 20, 2015

COMPLIANCE NEWS @ MYND: State update from Andhra Pradesh


                                          Compliance Update from Andhra Pradesh







We are forwarding herewith  a copy of notification along with a copy of order  bearing  G.O.MS.No. 18 dated  16 June , 2015, In exercise of the powers conferred under sub-section (4) of section-73 of the Andhra Pradesh Shops & Establishments Act, 1988 (Andhra Pradesh Act No.20 of 1988), the Government of Telangana hereby permit all the Shops & Establishments as defined in section 2 (21) of Andhra Pradesh Shops & Establishments Act, 1988 to keep open on all 365 days of the year in Telangana State for a period of one (1) year only, subject to the following conditions:-
  
(i)  The working hours of the employees shall be 8 hours per day and 48 hours in a week. Record of over time will be maintained in the Wages Register separately in respect of the employees who worked beyond normal working hours. 
(ii) Every employee will be allowed to avail a Weekly Holiday as per the list exhibited (form 24) at the main entrance of the shop on rotation basis. 
(iii) If the employees are found working on any Holiday or after normal duty hours without proper indent of Over Time, the exemption granted will be liable for cancellation.  
(iv) Working hours of the shop shall be between 9.00 A.M. to 11.00 P.M. 
(v) In case of Women employees who are required to work beyond 8:30 P.M., transport arrangements will be provided to the women employees. A notice to this effect in Telugu and English will be exhibited at the main entrance of the shop indicating the availability of transport.  
(vi) All employees will be provided with Appointment Letters and copy of the same will be furnished to the jurisdiction inspector and acknowledgement will be preserved in the shop for inspection at any time.  
(P.T.O.) 
 (vii) Visit Book will be maintained exhibiting a copy of the exemption for verification by the inspector for compliance with the conditions on exemption. 
(viii)The exemption will be valid for one (1) year only and subject to compliance with the conditions of exemption and also compliance with the welfare provisions applicable under various Labour Laws and renewal will be considered. 
(ix) The wages for the employees will be credited to their saving bank account. 
(x) EPF & ESI deductions shall be implemented in respect of the eligible employees. 
(xi) The Employer shall cooperate in implementing the “Duties of Inspection” under Rule 28 of the A.P. Shops & Establishments Rules, 1990 especially with regard to the implementation of the conditions and also the provisions of other Labour Laws for the workers employed in their shops. 
(xii) If any statutory violation is detected from the Employer of the Shop, the exemption will be cancelled before the sanction period. 

(xiii) The exemption will be remain in operation for a period of one (1) year from the date of publication of notification in the official Gazette unless it is revoked.

Tuesday, August 18, 2015

COMPLIANCE NEWS @ MYND: Amendments in Labour Law


Narendra Modi govt clears proposals to amend Labour Laws. what's the Bill?

Highlights of the proposed amendments

·       The Union Cabinet has approved 54 changes in the Factories Act 1948, the Apprenticeship Act 1961, Labour Laws (Exemption from furnishing returns and maintaining of registers by certain establishments 1988). The Government will now table the proposed amendments in the Parliament and given the majority it enjoys it won't be facing any problem to get them approved.
·         The amendment is expected to allow women for night duty with adequate safety and also ensure provision for transport after work.
·         The proposed amendments also aimed to increase the overtime hours from the current limit of 50 hours per quarter to 100 hours per quarter. With the approval of state government, the amendment also proposes this limit to be increased to a maximum of 125 hours per quarter.
·          Ensuring safer working conditions for employees working in hazardous environment as well as provision of canteen facilities.
·         Factories employing 200 or more workers would have to provide canteen facilities instead of the present provision of 250 workers.
·         It also provides for shelters or restrooms and lunchrooms in factories in which 75 or more workers are employed instead of the present stipulation of 150 workers.
·         The changes also aim to prohibit pregnant women and physically handicapped people from being assigned to machinery-in-motion. Reducing the eligibility for entitlement of annual leave-with-wages to 90 days from the existing 240 days.

The Apprenticeship Act, 1961:

·         Getting rid of the clause that allows arrest of employers for not implementing the Act.
·         Addition of 500 new trades to the list of 238 in the Act.
·         Companies might also be permitted to begin new trades without waiting for the Centre to notify those.

The Factories Act of 1948:

·         Double overtime of workers to 100 hours per quarter from 50 hours per quarter.
·         Ensuring safer working conditions for employees working in hazardous environment
·         Provision of canteen facilities in factories having 75 or more workers.
·         Allow women for night duty with adequate safety and provision for transport after work.
·         Prohibit pregnant women and physically handicapped people from being assigned to machinery-in-motion.

        The Labour Laws Act 1988:

·         Exemption to small firms with up to 40 workers, against 10 currently from filing compliance reports.
·         The Government is also considering amendments to the Child Labour (Regulation and Abolition) Act, 1986, and the Minimum Wages Act, 1948.

What was dropped?

·         The clause allowing employers' imprisoned for not implementing the Apprenticeship Act is to be dropped; Rs 500 fine per shortfall of apprenticeship month to be imposed.

What was added?

·         E-Records to be maintained in electronic media.
·         Contractual workers, daily wagers, agency workers and casual workers also to come under Apprenticeship Act.
·         Companies could add new trades under the Apprenticeship Act without the Centre's approval. 

         Impact of the changes:

·         The changes in Factories Act of 1948 will ensure ease in doing business for companies, enhanced benefits for workers as it will double overtime of workers to 100 hours per quarter and improve workers' safety.
·         More companies will hire apprentices this will boost formal skilling of workers.
·         Small firms will hire more workers and lower regulatory compliance burden.

Why was a need for change in these Acts/Laws?
                                                                                   
·         The prime reason for amendments in these laws is that they have become outdated and redundant. Amendments in these laws will be giant step towards achieving both political as well as economical innovation  in labour reforms. India needs flexible labour laws to ensure freedom from unemployment where as many as 12 million are added to the workforce annually. Labour market reforms will undoubtedly bring down the divide between the formal and informal employment.

·         Changes in labour laws will pave the way for each state to have their own socio-economic background and take decisions to create more jobs within their boundaries.

Tuesday, July 7, 2015

COMPLIANCE NEWS @ Mynd: Mandatory deposit of contribution through Internet Banking





We are forwarding herewith a copy of circular bearing  No. Bkg. 1(4)2010/Online Remittance/12871 dated 24th June, 2015 from the Head office of the Employee Provident Fund Organization , New Delhi along with the copy of the order bearing No Bkg. 1(4)2010/Online Remittance/12870 dated 24th June issued by the Central Provident Fund Commissioner New Delhi in exercise of the powers conferred by section 5 read with sub-section of (1) of section  7 of the EPF&MP Act 1952 has notified amendments in Parts 38(1) and 48 of EPF Scheme, 1952, making it mandatory for employers to pay the statutory contributions through internet banking.




It has also stated that an employer who makes payment of less than Rs. 1 lakh in a particular month as contribution under EPF & MP Act, 1952, and scheme framed thereunder , shall have option to make such payments through physical mode of payment  (bank drafts or bankers cheques or cheques) for transitory period is being considered at appropriate level.

Note: The employers remitting contribution below Rs. 1 lakh per month shall, however, have the option to remit such dues through the internet banking even during the interim period upto September, 2015.


The aforesaid order makes the employer of the establishment covered under the EPF & MP Act, 1952, to comply with the requirements as laid down in the said order. 

http://www.myndsolution.com/

Monday, June 29, 2015

COMPLIANCE NEWS: Submission of Form 11 (new) and seeding KYC details in UAN Portal





We are forwarding herewith a copy of circular dated No. Coord /40(24)2010/DPG Review Meeting/11388 dated 22nd June, 2015 from the Head office of the Employee Provident Fund Organization , New Delhi along with the copy of the order bearing No. Coord /40(24)2010/DPG Review Meeting/11387 issued by the Central Provident Fund Commissioner New Delhi in exercise of the powers conferred on him under para 78(3) of the Employees Provident Fund Scheme, 1952

The gist of the order is also attached herewith for your information and for taking further necessary action in the matter.






http://www.myndsolution.com/statutory-compliances.html