Kerala Minimum Wages rules

Compliance calendar - June 2023

EPF- Higher Pension

Employees’ Provident Fund Organisation (EPFO) members are entitled to a pension after retirement. Currently, the employees and employers contribute 12% of their basic salary and dearness allowance to the EPF. Of the employer’s 12% contribution, 8.33% goes to the Employees’ Pension Scheme (EPS) and 3.67% to the EPF. However, the 8.33% EPS contribution is capped at the maximum amount of Rs.15,000 even when the employee draws a higher salary. The cap on the EPS contribution was introduced in 2014 through an amendment to the EPS. Before the EPS amendment in 2014, employees had the option to choose higher EPS contribution amounts. This article covers the EPFO circular on higher pensions and its claim process.

Grant of Exemption to remain open 365 days to S & E in Tamil Nadu

We are pleased to inform that the Tamil Nadu Government has promulgated to grant exemption to remain open 365 days to Shops & Establishments in Tamil Nadu, for a further period of three years from 23rd March 2023, subject to certain conditions. Enclosed, please find the GO for your kind perusal and this may please be updated in your statutory records.

Mandating Online Submission Of Application For Registration Under Various Act & National & Festival Holidays

We wish to inform that the Puducherry Government has published the following. This will come into force with immediate effect. Mandating Online submission of application for Registration / Amendment of establishments under Contract Labour (R&A) Act, 1970 (Principal Employer Registration) and Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service Act, 1979 - The services shall be availed though online mode only to eliminate the need to submit the applications physically, payment of fees for the services and track their status in each stage. Mandating submission of National and Festival Holidays in Form V by Factories under the Puducherry Industrial Establishments (National & Festival Holidays) 1964 through online mode - The services shall be availed though online mode only to eliminate the need to submit the applications physically, payment of fees for the services and track their status in each stage. Enclosed, please find the aforesaid notifications for your kind perusal, this may please be updated in your statutory records.

Deleting & Re- submitting Application for validation of option/ Joint Option under EPF Act & EPF extends the date