#Imp ESIC Update for Maharashtra #
Vide notification dated 29 September 2020, ESIC has been made applicable to establishments (shops, offices, warehouse, hotels, restaurants, transport establishments, cinemas & newspaper establishments) employing 10 or more persons currently or in any of the last 12 months, located in covered areas in the State of Maharashtra w.e.f. 1 October 2020.
Earlier this limit was 20 or more employees in Maharashtra.
ESIC guidelines for COVID safe workplace
Vide notification dated 29 September 2020, ESIC has been made applicable to establishments (shops, offices, warehouse, hotels, restaurants, transport establishments, cinemas & newspaper establishments) employing 10 or more persons currently or in any of the last 12 months, located in covered areas in the State of Maharashtra w.e.f. 1 October 2020.
Earlier this limit was 20 or more employees in Maharashtra.
ESIC guidelines for COVID safe workplace
Availing benefits under Atmanirbhar Bharat RozgarYojana(ABRY)
https://prehr.com/blog/abry/
https://prehr.com/blog/abry/
Prehr.com
Availing benefits under Atmanirbhar Bharat RozgarYojana(ABRY)
EPF benifite of Employee & Employer, Central Govt. has recently launched Atmanirbhar Bharat RozgarYojana(ABRY)for creation of new employment opportunities.
ESIC's Dispensary cum Branch Office (DCBO) is 'One Stop Delivery of Services' . Come let us learn more about role and functions of DCBO.
#knowaboutDCBO
#knowaboutDCBO
Sh. Apurva Chandra, Secretary, Ministry of Labour & Employment, Govt. of India & Vice-Chairman, ESIC chaired the 221st meeting of the 'Standing Committee' of ESIC at Shram Shakti Bhavan in New Delhi through Video Conferencing.
Smt. Anuradha Prasad, Director General, ESIC & Addl. Secretary, MoL&E, Members, Standing Committee and other Senior Officers of Ministry and ESIC participated in the Meeting.
Smt. Anuradha Prasad, Director General, ESIC & Addl. Secretary, MoL&E, Members, Standing Committee and other Senior Officers of Ministry and ESIC participated in the Meeting.
Budget 2021: Interest on employee contribution to PF above ₹2.5 lakh a year is now taxable
https://www.livemint.com/budget/news/budget-2021-interest-on-employee-contribution-to-pf-above-rs-2-5-lakh-a-year-is-now-taxable-11612172320265.html
https://www.livemint.com/budget/news/budget-2021-interest-on-employee-contribution-to-pf-above-rs-2-5-lakh-a-year-is-now-taxable-11612172320265.html
mint
Budget 2021: Interest on employee contribution to PF above ₹2.5 lakh a year is now taxable
This restriction shall be applicable only for the contribution made on or after April 1
*The following are the Key Highlights from the Union Budget 2021, as presented by the Hon’ble Finance Minister.*
*Direct Taxes*
• Vivad Se Viswas Scheme Last Date of filing extended to 28th February, 2021.
• Citizens of age 75 years and above who have only Pension and Interest income – Need not file Income Tax Returns
• Re-opening of Assessment to reduced to 3 years from 6 years. Only where evidence of concealment of Income of Rs. 50 lakhs or more – re-opening can be made upto 10 years & only with approval of Pr.CCIT.
• Reducing Litigation for small tax payers – Constitution of Faceless Dispute Resolution Panel for people with Total Income upto Rs.50 lakh and disputed income of Rs.10 lakh
• Income Tax Appellate Tribunal to become Faceless – Only electronic communication will be done
• Relaxation to NRIs – Rules to remove hardship of Double Taxation
• Tax Audit Limit to be increased to Rs.10 crores from Rs.5 crores for those having less than 5% cash transactions
• Dividend Tax- Dividend will be exempt from TDS. Advance tax liability on dividend income will arise only after declaration or payment of dividend. For Foreign Investors – lower treaty rate benefit will be given.
• Affordable Housing – Additional Interest deduction (Sec 80EEA) of Rs.1.5 lakhs to be extended for loans taken till 31st March, 2022.
• Affordable Housing Projects – Tax Holiday extended till 31st March, 2022.
• Tax Holiday for Capital Gains for Aircraft Leasing Companies and Tax Exemption to Lease paid to Foreign Persons
• Pre-Filling of Returns – Details of Capital Gains, Dividend Income and Interest income will be pre-filled in the returns
• Relief to Trusts – Charitable trusts running Hospitals and Educational Institutions relief increased from Rs.1 crore to Rs.5 crore.
• Employee contribution not paid by employer will not be allowed as a deduction.
• Tax holiday for Start-Ups extended to 31st March, 2022. Capital Gains exemption on investment in start ups also extended to 31s March, 2022.
*MCA, Companies Act, LLP Act*
• Easing Compliance requirements of Small Companies – Threshold increased to Share Capital upto Rs.2 crore and Turnover upto Rs.20 crore will be Small Companies
• Allow One Person Companies (OPC) to grow without any restriction in Share Capital or Turnover. NRIs will be allowed to set-up OPCs. Presence in India of 120 days in a year enough to start an OPC.
• Launching MCA Version 3.0 – E-Scrutiny, E-Adjudication and Compliance management to be simplified.
• Decriminalisation of LLP Act, 2008
• Tribunals to be rationalised
*Direct Taxes*
• Vivad Se Viswas Scheme Last Date of filing extended to 28th February, 2021.
• Citizens of age 75 years and above who have only Pension and Interest income – Need not file Income Tax Returns
• Re-opening of Assessment to reduced to 3 years from 6 years. Only where evidence of concealment of Income of Rs. 50 lakhs or more – re-opening can be made upto 10 years & only with approval of Pr.CCIT.
• Reducing Litigation for small tax payers – Constitution of Faceless Dispute Resolution Panel for people with Total Income upto Rs.50 lakh and disputed income of Rs.10 lakh
• Income Tax Appellate Tribunal to become Faceless – Only electronic communication will be done
• Relaxation to NRIs – Rules to remove hardship of Double Taxation
• Tax Audit Limit to be increased to Rs.10 crores from Rs.5 crores for those having less than 5% cash transactions
• Dividend Tax- Dividend will be exempt from TDS. Advance tax liability on dividend income will arise only after declaration or payment of dividend. For Foreign Investors – lower treaty rate benefit will be given.
• Affordable Housing – Additional Interest deduction (Sec 80EEA) of Rs.1.5 lakhs to be extended for loans taken till 31st March, 2022.
• Affordable Housing Projects – Tax Holiday extended till 31st March, 2022.
• Tax Holiday for Capital Gains for Aircraft Leasing Companies and Tax Exemption to Lease paid to Foreign Persons
• Pre-Filling of Returns – Details of Capital Gains, Dividend Income and Interest income will be pre-filled in the returns
• Relief to Trusts – Charitable trusts running Hospitals and Educational Institutions relief increased from Rs.1 crore to Rs.5 crore.
• Employee contribution not paid by employer will not be allowed as a deduction.
• Tax holiday for Start-Ups extended to 31st March, 2022. Capital Gains exemption on investment in start ups also extended to 31s March, 2022.
*MCA, Companies Act, LLP Act*
• Easing Compliance requirements of Small Companies – Threshold increased to Share Capital upto Rs.2 crore and Turnover upto Rs.20 crore will be Small Companies
• Allow One Person Companies (OPC) to grow without any restriction in Share Capital or Turnover. NRIs will be allowed to set-up OPCs. Presence in India of 120 days in a year enough to start an OPC.
• Launching MCA Version 3.0 – E-Scrutiny, E-Adjudication and Compliance management to be simplified.
• Decriminalisation of LLP Act, 2008
• Tribunals to be rationalised
Modi government may change rules of overtime hours after working hours pf esi contract workers rule from 1st april - तय समय से 15 मिनट भी ज्यादा किया काम तो मिलेगा ज्यादा वेतन, मोदी सरकार बदलेगी ओवरटाइम के नियम - https://www.livehindustan.com/business/story-modi-government-may-change-rules-of-overtime-hours-after-working-hours-pf-esi-contract-workers-rule-from-1st-april-3854373.html
Hindustan
तय समय से 15 मिनट भी ज्यादा किया काम तो मिलेगा ज्यादा वेतन, मोदी सरकार बदलेगी ओवरटाइम के नियम
श्रम एवं रोजगार मंत्रालय ने चार श्रम संहिता के तहत नियमों को अंतिम रूप दे दिया है। इससे जल्द ही क्रियान्वयन में लाये जाने के लिए इनकी अधिसूचना जारी कर सुधारों को वास्तविकता में बदलने का मार्ग प्रशस्त...
EPFO Launches New Regulations To Prevent Illegal Withdrawals From PF
https://www.goodreturns.in/news/epfo-launches-new-regulations-to-prevent-illegal-withdrawals-from-pf-1207537.html
https://www.goodreturns.in/news/epfo-launches-new-regulations-to-prevent-illegal-withdrawals-from-pf-1207537.html
Good Returns
EPFO Launches New Regulations To Prevent Illegal Withdrawals From PF
In the past, the EPFO has undertaken numerous initiatives to ensure employees render adjustments to the account details of the Provident Fund (PF). The EPFO specifically specified the steps for correcting the name, the name of the father, date of birth, and…