Archive for 2016

Pay period for salary payment

We find that the most frequently used pay period (the period of time for which salary is paid), at least in the organized sector in India, is monthly. According to Section 4 of the Payment of Wages Act, 1936, one of the relevant statutes governing salary payments, 4. Fixation of wage-periods (1) Every person responsible for […]

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UAN to be made mandatory for PF remittance

UAN to be made mandatory for PF remittance

The Employee’s Provident fund Organization (commonly referred to as the PF Department) has announced that Universal Account Number (UAN) will be the unique identifier for PF remittance for each employee in the Electronic Challan cum Return (ECR) file in future. Please take a look at the PF Department circular dated 26-Oct-2016 in this regard. While […]

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ESI wage ceiling enhancement proposal

The Ministry of Labour and Employment has, by way of a gazette notification, sought feedback regarding enhancing the ESI wage limit from Rs 15,000 per month to Rs 21,000 per month. As you are aware, the current limit is Rs 15,000 – in other words, employees who draw an ESI wage of more than Rs […]

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Notification on new ESI locations

The Ministry of Labour and Employment, Government of India, has amended the Employees’ State Insurance (Central) Rules, 1950 by introducing a new rule called Rule 51B, stated as follows. “51B. In areas where the Act is implemented for the first time, the rates of employer’s and employee’s contribution for the initial twenty-four months from such […]

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Issuing Form 16 to zero tax employees

Someone asked us a question on Form 16 recently. In case an employee has no tax liability and hence no tax is deducted from the employee’s salary, can/should the employer issue Form 16 to the employee? The typical answers we come across are as follows. a. Form 16 cannot be issued to an employee with […]

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Employee Letters with QR Code

Employee Letters with QR Code

This post pertains to a new feature we have introduced in HRWorks, our online payroll software. If you are not a user of HRWorks, this post may not be relevant to you. We have introduced a new feature on HRWorks using which you can create and publish letters to your employees. By letters, we refer […]

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TaxGenie – A Tool for Tax Saving

TaxGenie – A Tool for Tax Saving

This post pertains to a new feature we have introduced in HRWorks, our online payroll software. If you are not a user of HRWorks, this post may not be relevant to you. We have introduced a new feature called TaxGenie in HRWorks which can help employees in tax saving. Given the multitude of benefits available […]

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