-

Big announcement for EPFO subscribers under PM Gareeb Kalyan Scheme, govt will pay workers' PF for 3 months


This will be applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary. Benefiting 4.8 crore employees the govt also amended EPFO regulations to allow workers under EPFO to draw up to 75% of their non-refundable advance or 3 months of wages, whichever is lower.

Comments

Post a Comment

Popular posts from this blog

Protection from sexual harassment at the work place

-
Protection from sexual harassment at the work place It is the responsibility of the employer to ensure that his/her employees, especially female employees, are protected while at work. All incidents of sexual harassment – regardless of how big or small they are or who is involved – require employers or managers to respond quickly and appropriately. Just because someone does not object to inappropriate behaviour in the workplace, it does not mean that they are consenting to the behaviour. An aggrieved woman can seek remedy under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Sexual harassment is punishable under the Indian Penal Code The law mandates employers to formulate a policy which prohibits sexual harassment. The policy should be a part of the company’s service regulations to provide a healthy working environment. The company’s policy must clearly define what exactly constitutes a sexual harassment and enumerate penalti...
Read more

Definition of wages as Per EPFO

-
Image
Definition of wages As per the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, “basic wages” means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him. However, the Act excludes these two important emoluments following from the definition of Basic Wages or Salary: (i) the cash value of any food concession; (ii) any dearness allowance that is to say, all cash payments by whatever name called paid to an employee on account of a rise in the cost of living, house-rent allowance, overtime allowance, bonus, commission or any other similar allowance payable to the employee in respect of his employment or of work done in such employment All matters relating to PF ESIC, HR & Payroll Solution, Labour Laws Consulting and its subsequent matters regarding leave policy, leave rules, HR Compliance, are also advis...
Read more

Online application for EPF Withdrawal

-
Image
Submission of an online application for EPF Withdrawal Interestingly, the EPFO has very recently come up with the online facility of withdrawal, which has made the entire process more comfortable and less time-consuming. Prerequisite: To apply for the withdrawal of EPF online through the EPF portal, make sure that the following conditions are met: The UAN (Universal Account Number) is activated, and the mobile number used for activating the UAN is in working condition. The UAN is linked with your KYC, i.e. Aadhaar, PAN and the bank details along with the IFSC code. If the above conditions are met, then the requirement of attestation of the previous employer to carry out the process of withdrawal can be done away with. Steps to apply for EPF withdrawal online: Step 1:  Go to the UAN portal by clicking  here . Step 2:  Log in with your UAN and password and enter the captcha. Step 3:  Then, click on the tab ‘Manage’ and select KYC to check whether ...
Read more