Section 80JJAA is a facility for claiming a deduction for the recruitment of new or additional employees. The section has been made available in the Income Tax Act to encourage employers to recruit fresh employees on a periodic basis. This deduction of the Income Tax Act can be claimed by all assessees for creating employment generation opportunities. […]
New Section 80JJAA Deduction for Salaries paid to New Employees Read More »
The Finance Minister Nirmala Sitharaman while presenting the Union Budget 2020 gave an earning individual two options while filing their income tax return (ITR). Either you forfight all tax exemption benefits and get zero income tax slab on your annual income up to rs 5 lakh or remain in the old income tax slab and
Employees’ Deposit Linked Insurance Scheme Rule Change 2020: Here’s good news for EPF-covered employees. The Employees’ Provident Fund Organisation (EPFO) has decided to extend the minimum assurance benefit under the Employees’ Deposit Linked Insurance (EDLI) scheme. A decision in this regard was taken in the 226th meeting of the Central Board of Trustees (CBT). Now, the
EDLI – New Rule Updated Read More »
The government is likely to reduce the interest rate on small savings schemes, a senior government official told CNBC-TV18. This move is likely to affect interest rates of Public Provident Fund (PPF), National Savings Certificate (NSC), Senior Citizen Saving Scheme (SCSS) Sukanya Samriddhi Yojana (SSY) and other small savings schemes. “The gap between the repo rate
Registration of new public, private limited companies and one person company under the Employees Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC) will now be done on the website of the Ministry of Corporate Affairs instead of the Labour Ministry’s Shram Suvidha Portal at present, the Labour Ministry said Friday. “As part
Registration of new companies under EPFO, ESIC to be done on MCA portal Read More »
The Madras High Court has observed a solitary allegation of intemperate language against a woman employee does not constitute an offence under the law on sexual harassment at workplace and the act cannot be allowed to be misused with exaggerated or non-existent charges. Granting relief to a senior central government official who was accused of
Intemperate language no offence under sexual harassment act: Madras HC Read More »
As many as 10 workers of DCW Chemical Factory in Dhrangadhra, Surendranagar attempted suicide by consuming pesticide on Thursday. They were among the 70-odd contractual workers on hunger strike since past two months demanding permanent employment. The workers have been protesting since past 62 days in front of the factory gate. As part of their
Gujarat: 10 protesting workers of a factory drink pesticide Read More »
The Employee Provident Fund interest rate has been lowered by 0.15 per cent for the year 2019-20 to 8.50 per cent from the earlier 8.65 per cent. With the fresh development, salaried employees will get 0.15 per cent lower interest rate on their provident fund deposits. The fresh rate announced by Union Labour Minister Santosh
EPF interest rate lowered by 15 bps to 8.50 per cent for 2019-20 Read More »
Chennai: The Madras High Court has ruled that if a working woman gives birth to a child in the second delivery after twins in the first, she is not entitled to maternity benefits as it should be treated as the third child. “As per existing rules, a woman can avail such benefits only for her first
