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latest posts

Court says no to workers’ job demand

The  High Court  has refused the contentions of 386 former contract workers of  Federal-Mogul Goetze India Ltd  who sought reinstatemen...

Provident Fund: Is withdrawn EPF amount taxable? What Income Tax return filers must know

Provident Fund is probably the best savings scheme for retirement benefit in India. It is risk-free and gives guaranteed returns. Contribu...

EPFO to be sole regulator for all categories of PFs: Parliamentary panel to Labour Ministry

A Parliamentary panel has suggested that retirement fund body EPFO should act as the sole regulator for all categories of provident funds...

Idle accounts clean-up, cross verification hold up interest credit for FY18

Idle accounts clean-up, cross verification hold up interest credit for FY18 Finance ministry had ratified 8.55% rate about 3 months ago ...

Minimum monthly pension Rs. 3,000 under EPS set for a hike; Labour Ministry awaits panel report

Minimum monthly pension under EPS set for a hike; Labour Ministry awaits panel report Under EPS, there has been a demand by Central trade u...

Your salary may increase! EPF contribution may fall to 10 per cent

This proposal by the Centre may increase the take-home salary of employees thereby giving a boost to consumer spending! Reports say that ...

Supreme Court : Third Party Insurance Of 3 Yrs For Cars & 5 Yrs For Two Wheelers Mandatory For Vehicles Sold From Sept 1

As road accidents continue to increase at a drastic pace, the battle between the citizens and the government for action gets louder. But w...

Watch out, salaried! Interest on PF after you quit working is taxable

In India, Provident Fund (PF) account is considered to be the backbone of lifetime savings by most employees. In the absence of a dependab...

PF subscribers may get choice of investments for higher returns

Provident fund subscribers may soon have flexibility to park their savings in equity, debt or a combination of both as per their choice, w...

No Deduction allowable If Employer omitted to remit Employees’ contribution to EPF within Statutory Due Date: Kerala HC

The Kerala High Court in the case of M/s. Popular Vehicles & Services Pvt. Ltd. v. The Commissioner of Income Tax held that no deduc...

WAGE CODE BILL 2017 COMING -'STATES CANNOT SET MINIMUM WAGES BELOW THE BENCHMARK SET BY THE CENTRE'

 Labour Minister Santosh Gangwar said a parliamentary standing committee has finalised its report on first labour code, Wage Code Bill 201...