krishna.shastry

"As I understand, if a person stops working, he/she has an option to withdraw the balance amount from the EPF account after 60 days of the last working day. However, I am trying to understand more regarding the rules surrounding the withdrawal. Thanks in advance. However, if the person doesn’t wis" ... (more)

"Hi Mehrunisa, Could you kindly send me the link for the latest version? Apart from buying the physical book, I would like to have an online link to the official source, if possible. In any case, what I see is that there are several differences between practical reality and what is written in the Act" ... (more)

"Our local labor officers say the following about bonuses: - The minimum bonus is 8.33% of the annual gross salary, basically equivalent to one month’s salary unless a person has Loss of Pay (LOP) leaves. - The maximum bonus is 20% of the annual gross salary. - A person should have completed on" ... (more)

"Hi, I could find a copy of the 2007 amendment through the following website: CENTRAL ACTS. However, I am still looking for a more reliable source where the latest information is always available. Regards, Krishna." ... (more)

"Greetings all, Could you kindly let me know where I can find the official link for the latest version of the Payment of Bonus Act? I have come across the following links, but based on several posts in the forums, I have a feeling that these may not be the most recent. I have noticed some attachment" ... (more)

"I received information that if an employer plans to contribute more than the basic limit, permission needs to be sought from the PF officer. Is this true? What happens if an excess amount is paid (as well as deducted from the employee)? Our institution has been providing PF on the entire salary (12" ... (more)

"If an employee joins with a salary below Rs.6,500/- and then when the salary grows beyond that ceiling limit in subsequent years, what is employers liability with respect to EPF? 1) Is employer obligated to pay EPF on entire salary or only up to the ceiling limit? 2) Can employer stop contribution t" ... (more)

"Greetings All, Regarding employers splitting up minimum wages to reduce PF liability, I personally feel that it is unethical irrespective of what the current law says. If the current law allows such a thing, then it is more of a loophole instead of the original intention, I feel. In our organizatio" ... (more)