Introduction The 26 days minimum wage rule in India is a crucial aspect of labour law compliance that impacts both employers and employees. Understanding how minimum wages in India are calculated, including basic wages, overtime, and deductions, is essential for businesses to ensure labour law compliance and avoid penalties. What is the 26 Days Minimum…
A phased implementation plan is set to ensure a seamless transition for businesses while maintaining compliance. What’s Changing?The new Labour Codes consolidate 29 existing laws into four comprehensive codes: Key Highlights: Phased Implementation Timeline: Phase Enterprises Employees Compliance 1 Large >500 Immediate compliance upon enforcement. 2 Medium 100-500 Additional transition period post-Phase 1. 3 Small…
Are you overwhelmed by accounting, ESI, EPF and payroll tasks? Sankhla Consultants is here to take the burden off your shoulders, allowing you to focus on what you do best—growing your business! Why Choose Sankhla Consultants?Accurate Accounting: Leave your books in the hands of our expert teamWe guarantee that your financial records are accurate, compliant,…
Due Date State/Central Compliance Act/Header Compliance Remark 15 Nov Central The Employees’ Provident Funds and MP Act, 1952 PF Remittance Applicable for all states 15 Nov Central The Employees’ Provident Funds and MP Act, 1952 PF International Workers Returns Applicable for all states 25 Nov Central The Employees’ Provident Funds and MP Act, 1952 EDLI…
Under the Payment of Bonus Act, 1965, the rules for filing a Bonus Return are designed to ensure transparency and compliance in bonus payments for eligible employees. Here’s a breakdown of the primary aspects: For further information, consider consulting your compliance advisor or visiting Sankhla Corporate Services, who specialize in labour law compliance services and…
Diwali bonus for employees The Payment of Bonus Act, 1965, establishes the framework for annual bonuses; however, the Diwali bonus is frequently regarded as an additional incentive that goes beyond the legal requirements. Organizations may choose to combine the Diwali bonus with the obligatory bonus or offer it as a separate festive reward aimed at…
Since aadhaar details can’t be corrected after the member’s death, EPFO has decided to allow the processing of physical claims without seeding aadhaar, but only as a ‘temporary measure’. In certain cases, physical claims can be settled without seeding aadhaar. EPF has released a circular detailing the settlement of physical claims in death cases. The…
Plot No. 1984, LGF, Sector-45, Sector 45, Gurgaon, Gurugram-122003, Haryana, India
