Dear All, I want to know that which general to subscribe which would be good to get instant updates on change / amendment in PF, ESI and labor laws. Thanks, Parminder Tomar
From India, Delhi
2From India, Delhi
Dear Mr.Parminder,
Refer to your query, recent amendments / changes have occurred in Labour Laws as follows.
1. FACTORIES ACT -1948 - Lot of changes related to Hazardous operations, appointment of safety officer, Health,Safety, welfare provisions etc., is under proposed to change in the Draft Notification.
2.INDUSTRIAL DISPUTES ACT - 1947 : A workman can directly approach to the Labour court, Tribunal in the case of Dismissal, Discharge, Termination from the services with out knowledge of conciliation authorities.
3. PF ACT - 1952 : EDLI benefit limit can be extended from Rs.1,00,000 to Rs.1,30,000/-.
4. ESI ACT - 1948 : 1.Coverage of employees wage ceiling extended from Rs.10,000/- to Rs.15,000/-.2. Conveyance Allowance excluded from the part of wages. 3. Employer has shown /maintain the record up to a period of 5 years for inspection. More than 5 years record need not shown for inspection. Private Educational Institutions and also Hospitals, Dispensaries are also covered under ESI.
5. Workmen Compensation Act : 1. Casual Labour has also covered. 2. The compensation payable under Death is Minimum is 1,20,000/- Maximum is 4.3.Lacs, permanent disablement Minimum Compensation is Rs.1,40,000/- Maximum is Rs.5.2 Lacs.3. Computation of wages for compensation to be extended from Rs.4,000 to Rs.8,000/-. As per new amendment the act to be known as Employees compensation Act.
6. Payment of Gratuity Act - 1971 : 1. contract labour has also eligible for Gratutity, if they are completed eligibility criteria u/s 4 i.e. 5 years continuous service. 2. Compulsory insurance is provided by the employer to the employees under PG Act.Maximum amount payable under Gratuity is Rs.10,00,000/-
7.Payment of Bonus Act -1965 : 1. Wage ceiling limit can be extended from Rs.3,500 to Rs.10,000/- per month u/s 2 (1) and also computation of wages for bonus extended from Rs.2,500 to Rs.3,500/- per month. Minimum Bonus is Rs.3,500/- and Maximum Bonus is Rs.8,400/- payable to the employees under the provisions of said act.
8. Minimum Wages Act - 1948 :1. Salaries/Wages disbursed to employees through Bank.
9.Contract Labour (R & A) Act - 1971 : If the contractor does not fulfilled statutory obligations of PF, ESI etc., the labour works under the contractor to be deemed as employees of the Principle Employer.
Pl feel free to ask if any queries related to the above topic.
Regards
V R RAO PULIPAKA
09666051720.
From India, Bangalore
Refer to your query, recent amendments / changes have occurred in Labour Laws as follows.
1. FACTORIES ACT -1948 - Lot of changes related to Hazardous operations, appointment of safety officer, Health,Safety, welfare provisions etc., is under proposed to change in the Draft Notification.
2.INDUSTRIAL DISPUTES ACT - 1947 : A workman can directly approach to the Labour court, Tribunal in the case of Dismissal, Discharge, Termination from the services with out knowledge of conciliation authorities.
3. PF ACT - 1952 : EDLI benefit limit can be extended from Rs.1,00,000 to Rs.1,30,000/-.
4. ESI ACT - 1948 : 1.Coverage of employees wage ceiling extended from Rs.10,000/- to Rs.15,000/-.2. Conveyance Allowance excluded from the part of wages. 3. Employer has shown /maintain the record up to a period of 5 years for inspection. More than 5 years record need not shown for inspection. Private Educational Institutions and also Hospitals, Dispensaries are also covered under ESI.
5. Workmen Compensation Act : 1. Casual Labour has also covered. 2. The compensation payable under Death is Minimum is 1,20,000/- Maximum is 4.3.Lacs, permanent disablement Minimum Compensation is Rs.1,40,000/- Maximum is Rs.5.2 Lacs.3. Computation of wages for compensation to be extended from Rs.4,000 to Rs.8,000/-. As per new amendment the act to be known as Employees compensation Act.
6. Payment of Gratuity Act - 1971 : 1. contract labour has also eligible for Gratutity, if they are completed eligibility criteria u/s 4 i.e. 5 years continuous service. 2. Compulsory insurance is provided by the employer to the employees under PG Act.Maximum amount payable under Gratuity is Rs.10,00,000/-
7.Payment of Bonus Act -1965 : 1. Wage ceiling limit can be extended from Rs.3,500 to Rs.10,000/- per month u/s 2 (1) and also computation of wages for bonus extended from Rs.2,500 to Rs.3,500/- per month. Minimum Bonus is Rs.3,500/- and Maximum Bonus is Rs.8,400/- payable to the employees under the provisions of said act.
8. Minimum Wages Act - 1948 :1. Salaries/Wages disbursed to employees through Bank.
9.Contract Labour (R & A) Act - 1971 : If the contractor does not fulfilled statutory obligations of PF, ESI etc., the labour works under the contractor to be deemed as employees of the Principle Employer.
Pl feel free to ask if any queries related to the above topic.
Regards
V R RAO PULIPAKA
09666051720.
From India, Bangalore
Dear Mr. rao,
Thanks for your valuable inputs. I would request you to guide \ suggest which book/ magazine to subscribing so that i should get the monthly update's on the changing laws.
Thanks & Regards,
Parminder Tomar
9899224784
From India, Delhi
Thanks for your valuable inputs. I would request you to guide \ suggest which book/ magazine to subscribing so that i should get the monthly update's on the changing laws.
Thanks & Regards,
Parminder Tomar
9899224784
From India, Delhi
Dear Rao gaaru,
I dint understand the concept of bonus calculation and its components like ceiling limit, min bonus and max etc.,
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7.Payment of Bonus Act -1965 : 1. Wage ceiling limit can be extended from Rs.3,500 to Rs.10,000/- per month u/s 2 (1) and also computation of wages for bonus extended from Rs.2,500 to Rs.3,500/- per month. Minimum Bonus is Rs.3,500/- and Maximum Bonus is Rs.8,400/- payable to the employees under the provisions of said act.
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Kindly explain clearly as i am a novice in this domain.
Dhanyavadaalu
Thanks
Jahnavinay
From India, undefined
I dint understand the concept of bonus calculation and its components like ceiling limit, min bonus and max etc.,
--------------------------------------
7.Payment of Bonus Act -1965 : 1. Wage ceiling limit can be extended from Rs.3,500 to Rs.10,000/- per month u/s 2 (1) and also computation of wages for bonus extended from Rs.2,500 to Rs.3,500/- per month. Minimum Bonus is Rs.3,500/- and Maximum Bonus is Rs.8,400/- payable to the employees under the provisions of said act.
---------------------------------------------------
Kindly explain clearly as i am a novice in this domain.
Dhanyavadaalu
Thanks
Jahnavinay
From India, undefined
MOHD AZHER, KINDLY REFER TO THE GAZETTE NOTIFICATION OF 01.01.2016. Payment of Bonus Act -1965 : 1. Wage ceiling limit extended from Rs.10,000 to Rs.21,000/- per month u/s 2 (1) and also computation of wages for bonus extended from Rs.3,500/- to Rs.7,000/-.SANJIB KUMAR, HR & ADMIN, KEONJHAR, ODISHA
From India, Bhubaneswar
From India, Bhubaneswar
Helo sir,
Above information was really helpful. i like to know the monthly pension paid to employee after retirement
the minimum bonus of payment to off roll employees & what facilities should be provided under factories act
From United States, San Mateo
Above information was really helpful. i like to know the monthly pension paid to employee after retirement
the minimum bonus of payment to off roll employees & what facilities should be provided under factories act
From United States, San Mateo
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PF Amendments.zip
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