Professionals working extra hours may have something to cheer for in the new labour codes as the new law, if implemented in its entirety, would widen the purview of overtime pay to include all employees, including managerial staff. Not only that, the compensation for overtime should be at least twice that of the employees’ regular pay, as per the […]
Labor Code: Overtime Pay For White-Collar, Managerial Employees Read More »
In a major development, the Income Tax Department has said that entities filing declaration under the direct tax dispute resolution scheme ‘Vivad Se Vishwas’ can revise them till the time tax authorities issue certificate mentioning details of tax arrear and the amount payable. Issuing a set of FAQs on ‘Vivad Se Vishwas’ scheme, the Central
Income Tax: Big Decision Taken Under Vivad Se Vishwas Scheme Read More »
The COVID-19 pandemic has become an innovation accelerator, igniting a wave of creative problem-solving within organizations in every industry. Resilient companies have quickly adapted to changing market needs and trends and have engaged in continuous learning to survive. But to truly succeed and rise above competitors, companies must embrace “breakthrough innovation.” What is breakthrough innovation?
3 Ways Leaders Should Pursue Breakthrough Innovation During A Crisis Read More »
NEW DELHI: After pushing the four labour codes through parliament, the Centre is set to identify state labour laws that are in conflict with them. The objective is to ensure that the reforms brought about by the codes are not undone by local laws and accordingly, states will be asked to modify or do away with them. The government
States May Be Nudged To Modify Laws In Line With labor Codes Read More »
The Supreme Court on Friday came down heavily on the Telangana government and the Telangana state police for their insensitive approach towards a BHEL employee who committed suicide last year on account of workplace sexual harassment. The bench of Justice A. M. Khanwilkar was hearing a writ petition, through advocate Alakh Alok Srivastava, by the
Brief overview of the recent judicial decisions on labor laws rendered in the period, April, 2020 to September, 2020, by the Supreme Court and various High Courts of India. For the purposes of the instant part, we shall be covering judicial decisions rendered under the following legislations: Employee’s Compensation Act, 1923 (“Employee’s Compensation Act“); Employees’
Labor Law Cases: Half Yearly Update (April to September,2020) Read More »
Lists of all Holidays in year 2021, which includes Government and National Holidays. Plan your year-end returns and official 2021 Holiday list now with ease. Effective date:1st Jan, 2021 Andaman and Nicobar Islands Chhattisgarh Delhi Gujarat Haryana Himachal Pradesh Karnataka Kerala Maharashtra Mizoram Odisha Puducherry Rajasthan Tamil Nadu Telangana West Bengal Download: Holiday 2021 (State
Lists of Holidays (2021): State Wise Read More »
As ominous 2020 comes to an end, one thing is clear- COVID-19 is here to stay, and the future depends on a lot of unknowns. The pandemic has changed our world and our world of work permanently. From its crippling effect on world economies to the massive shift it has brought in the world of
The introduction of LTC scheme by the Finance Minister has triggered interest amongst employees. Employers have been receiving inquiries from employees keen to avail of the benefit under the scheme. While employees are aware that they would need to expend three times the amount of LTA exemption, one needs to ensure that all conditions in the scheme are met to
LTC/LTA Scheme: Beneficial For An Individual Taxpayer Read More »
