EPFO Introduces Real Time System in EPFO Default Management

EPFO has introduced the ECR 2.0 for online collection of remittances through multi-banking. After introduction of the Unified Portal system for remittance of contributions, real time monitoring of the remittance position of the establishments has become a reality. The salient features and sequence of action are as follows – An SMS alert shall be sent…

New Scheme Launched Under ESIC

The Ministry of Labour introduced two new schemes for labour welfare ‘One IP-Two Dispensaries’ and ‘Aadhaar-Based Online Claim Submission’  on International Labour Day  (1st May 2017).   Aadhaar – Based Online Claim Submission scheme:   EPF Members who have activated their UAN and seeded their KYC (Aadhaar) with EPFO will now under this scheme be…

Amendment in Advance Claim of Provident Fund (PF)

Earlier, advance withdrawal of PF balance could be made under Para 68J (Advance for Illness) and Para 68N (Advance for Handicap Support Equipment) Only after providing a certificate from a physician with employer approval. There was no other documents or information required. Under the EPF (Fifth Amendment) Scheme, 2017, Para 68J (Advance for Illness) and…

Benefit Of SaaS HR Software

Benefits Of SaaS HR Software

The cloud-based HR software is taking businesses by a storm and does not seem to be stopping anytime soon. In addition to the minimal hardware costs and hassle-free, companies that use SaaS HR software invest less in the media. Being simple, the cloud is no longer limited to key players, because small businesses and start-ups…