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…
DetailsEarlier, 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…
DetailsThe deadline for employers to provide Form 16 to their employees for the year 2016-17 has been extended to June 15, 2017. Previously, As per Rule 31 of the Income Tax Act, the due date for Form 16 (Certificate for TDS deduction on salary) was 31st May 2017. Form 16 is an important document for…
DetailsThe EPFO announces the interest rate for Employee and Employer Provident Fund (EPF) contribution for the financial year 2017-18.
The EPF interest rate changed from 8.80% (fiscal year 2016-17) to 8.65% (current year). During this fiscal year (2017-2018), EPFO subscribers will get a marginally lower return than they have in the past few years.
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…
DetailsHR Software Selection is an important decision. This system will increase the efficiency of their managers and administrators in the human resources department, improve employee satisfaction, and control the costs related to managing human resources. The good news is that at the end of this process if you have made the right decision, your HR…
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