Employees' Pension (Second Amendment) Scheme, 2016 - Defer the age of Drawing Pension MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 25th April, 2016 G.S.R. 440(E).-In exercise of powers conferred by section 6A read with sub- section (1) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees' Pension Scheme, 1995, namely :- 1. (1) This Scheme may be called the Employees' Pension (Second Amendment) Scheme, 2016. (2) It shall come into force from the ..read more

Employee Pension Amendment Scheme 2016 Monthly Orphan Pension In the Employees' Pension Scheme, 1995, in paragraph 16, in sub- paragraph (4), after the proviso to clause (a), the following shall be inserted, namely:- "(aa) The monthly orphan pension shall be payable to each orphan till such orphan attains the age of twenty-five years: Provided that the monthly orphan pension shall be payable to an orphan beyond the age of twenty-five years, if such orphan is suffering from disorder or disability of mind or who is physically crippled or disabled ..read more

PF Advance Claim Increased to 1Lakh from 50K Threshold raised from 50K to 1 lakh for auto claims processing... para 68J Advance from Fund for treatment of illness In a significant move aimed at providing greater financial support during medical emergencies, the Employees’ Provident Fund Organisation (EPFO) has announced an increase in the withdrawal limit from Provident Fund (PF) accounts. Starting from the new financial year, account holders can now withdraw up to INR 1 lakh for medical treatments, a substantial increase from the previous limit of INR 50,000. Overview of the New EPFO Rule E ..read more

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9PM Live - 20 April 2024 Let's talk on the maturity of Contract Labour Act - Landmark Judgment(s). क्या अधिनियम के प्रावधान असंवैधानिक और अनुचित हैं? Subscribe & click on Notify Me - Compliance Monk ..read more

PF to be Increased to Rs 21000 from Rs 15000 Synopsis   The Government of India is contemplating enhancing the wage ceiling under the Employees' Provident Fund & Miscellaneous Provision Act, 1952 to at least ₹21,000 from ₹15,000 now to widen the social security coverage, a step towards achieving universal social security. The last amendment on the cap of salary was made in 2014 wherein the government had raised the PF salary limit from Rs 6500 to Rs 15000. Note the news are based on Print Media publication read by me during last week. Any official correspondence to support this news ..read more

The Jharkhand Payment of Wages (Amendment) Rules, 2023  The amendment changes the requirement for sending a return regarding fines imposed or deductions made from wages in factories or other establishments.  The amended rule stipulates that the return should be sent to the Inspector of Factories in case of factories and to the Labour Superintendent in case of other establishments in their respective jurisdictions. This return should reach the designated authority not later than the 15th of February following the end of the calendar year to which it relates.  The amendment n ..read more

Freedom Of Speech Essential For Media Platforms : Supreme Court  Imagine a world where every word you utter, every opinion you voice, every article you publish, is under scrutiny and liable to legal action. Would that world still hold the vibrant, diverse, and often challenging conversations that make our societies so unique? Welcome to a journey through a landmark case that reshaped the landscape of freedom of speech in the media industry. In February 2024, Bloomberg published an article discussing the status of a merger between two media giants, Zee and Sony, and the ongoing investi ..read more

Contract Labour Regulation and Abolition Act 1970 - #livestream  - 2 Again Coming Live on #YouTube on 13 April 24, 9:00 PM Topic - The Contract Labour (Regulation & Abolition) Act 1970 Also Live Q&A - #Subscribe Now  "Compliance Monk" for the update Link - https://youtube.com/live/eKaY_F_DKbE?feature=share Please Share with others too  ..read more

SOP for Processing of Joint Declaration of PF Member Profile Updating Version 2 ईपीएफओ में ऑनलाइन संयुक्त घोषणा कैसे करें संस्करण 2 SOP for processing of joint declaration of member profile updation version-2 in EPFO.  Ref: Head Office Circular No: WSU/2022/Rationalisation of work areas/Joint Declaration (E-54018)/3638 dated 22/08/2023 Madam/Sir Please refer to subject cited above and SOP under reference  In supersession of earlier SOP, competent authority has approved the SOP (version-2) on Joint Declaration of member profile updating.  In all such cases of joint d ..read more