bibleHR

How to Pay Zero Tax for Income Up To ₹12 Lakhs: Legally

Deduction Exemption and Reimbursement of Expenses For FY 2016 – 2017 Amount ₹ Basic Exemption ₹250000 PPF, Insurance, ELSS, FD, NSC, etc (Section 80 C Deduction) ₹150000 Investment in NPS (Section 80 CCD 1B ) ₹50000 Contribution of NPS by Employer (Section 80 CCCD 2) ₹150000 Home Loan Interest or House Rent Allowance (First Time Buyer […]

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bibleHR

Inoperative Provident Fund Accounts to Earn Interest: PF Amendment 2016

On last Wednesday November 2, Shri Bandaru Dattatreya, Labour Minister said, “The inoperative (Employee Provident Fund) accounts are not being paid interest since 2011. As per the instructions given the Prime Minister Narendra Modi and Finance Minister Arun Jaitley, Labour Ministry decided to start paying interest to those accounts to make them operative”. Now, even […]

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bibleHR

EPFO Proposes to raise PF Wage limit to Rs 25000/- per month

Update December 2017: The government has proposed to increase exciting PF wage ceiling to Rs.21,000 from Rs. 15,000 per month for its various social security schemes which will add more workers to the provident fund coverage. As per new Proposed Employees Provident Fund Amendment 2016 Employees with salary earning up to Rs.25,000 per month will be covered under […]

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bibleHR

Ease of Compliance to Maintain Registers under various Labour Laws Rules 2016

UPDATE FEBRUARY 2017: Ease of Compliance to Maintain Registers under various Labour Laws Rules 2017 has been officially published in the Gazette. Click Here: Ease of Compliance to Maintain Registers under various Labour Laws Rules 2017 Earlier on November 2nd 2016 Ministry of Labour & Employment vide DO- letter No.Z- 20025/15/2016-LRC has decided not to force […]

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bibleHR

Government to Increase Maternity Leave from 12 to 26 Weeks Soon

Latest Update March 2017: Maternity leave increased to 26 weeks under Maternity Benefit (Amendment Act) 2017 UPDATE March 2017: Loksabha passed The Maternity Benefits (Amendment) Bill, 2016. The Maternity Benefit(Amendment) Bill, 2016 has already been passed by the Rajya Sabha on 11th August,2016. The Maternity Benefits (Amendment) Act, 2016 will come into the force only after the President’s assent. […]

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