The Employees Provident Fund Organisation (EPFO) is set to face an income crisis, which will have a direct bearing on millions of its subscribers’ PF earnings in 2020-21. A million workers have already withdrawn their EPF savings in last five weeks to tide over income loss caused by the ongoing lockdown imposed to prevent the […]
EPFO income dips as deposits are deferred, withdrawals rise Read More »
The National Green Tribunal slapped an interim penalty of Rs 50 crore on LG Polymers India and sought response from the Centre and others on Friday in the gas leak incident in Visakhapatnam, Andhra Pradesh, saying “there appears to be a failure to comply with the said Rules and other statutory provisions”. A bench, headed
Hyderabad: Telangana, one of the few States in India that provides free, round-the-clock quality power to the agriculture sector without resorting to power holidays to industries and domestic consumers, has decided to oppose the Draft Electricity Amendment Bill 2020, proposed by the Union Ministry of Power to amend the Electricity Act of 2003. The Union government
Telangana to oppose draconian power amendment Bill Read More »
A boiler blast at the government-owned Neyveli Lignite Corporation’s Thermal power plant in Tamil Nadu’s Cuddalore district has reprotedly injured seven people, media reports have said. “The accident happened in the evening and the injured workers have been admitted to the hospital,” a police official said. Teams of Tamil Nadu Police and fire services are on the spot
Ministry of Corporate Affairs has allowed companies to hold Annual General Meetings (AGMs) through Video Conference or other audio visual means. The decision has been taken on account of need for continuous adherence to the social distancing norms and restrictions placed on movement of persons in the wake of COVID – 19. A circular in this
The Uttar Pradesh government has approved an Ordinance exempting businesses from the purview of almost all the labour laws for the next three years, to give a fillip to investment in the state, affected by Covid-19. “Horticultural and economic activities have been severely affected and slowed down in the state due to the outbreak of COVID-19. This is because
Covid-19 crisis: uttar pradesh exempts biz from all but 3 labour laws for 3 years Read More »
Retirement fund body EPFO on Wednesday allowed employers to register their digital signatures online through e-mail, in view of the lockdown to combat COVID-19, according to a labour ministry statement. Currently, authorised persons of employers have to go to the Employees’ Provident Fund Organisation (EPFO) offices to get their digital signatures registered. In the current scenario
EPFO allows employers to register digital signatures via e-mail Read More »
HRA is covered under Section 10(13A) of Income Tax Act 1961. Salaried Employees who live in a Rented house can claim HRA to lower their taxes – partially or wholly. The decision of how much HRA needs to be paid is made by employer. Part of Salary is apportioned to HRA. 1. CONDITIONS FOR CLAIMING HRA EXEMPTION? Salaried Individual only can claim
House Rent Allowance (HRA) Exemption Rules & its Tax Benefits Read More »
The Kerala State Small Industries Association (KSSIA), representing over a lakh micro, small and medium-sized (MSME) industrial units in the State, has called for big changes in the labour environment and laws governing employment. This is to enable, among other things, students to work part time, to create an environment of competition among labourers, and
MSMEs for changes in labour laws (Kerala) Read More »
