The Employees’ Provident Fund Organisation (EPFO) has relaxed several regulations to make life easier for Employees’ Provident Fund (EPF) members in May 2024. The changes include an extended facility of auto-settlement, multi-location claim settlement, faster death claims.
A new central excise law will replace the existing eight-decade-old Central Excise Act, the finance ministry said on Tuesday while seeking public comments on a draft bill.
The Employees’ Provident Fund Organisation (EPFO) has introduced a software functionality allowing Provident Fund (PF) members to conveniently update and correct their profile information online.
Following a reduction of over 32 percent two weeks ago, the government of India cut the windfall tax on domestically-produced crude oil by 9 percent, effective June 1, 2024
India has improved its raking in the global sweepstakes for ease of doing business in the recent years, but a lot needs to be done for it to be at the top of the pecking order.
The Bombay High Court recently held that “leave encashment is akin to a salary, which is a property and depriving a person of his or her property without any statutory provision would violate Article 300 (no person to be deprived of property without authority of law) of the Constitution.”
The Employees’ Provident Fund Organisation (EPFO) has introduced auto-mode settlement of advance claims for medical, education, marriage and housing purposes. Auto mode of claim settlement was introduced in April 2020 for the purpose of advance for illness. The facility was extended to education and marriage under Rule 68K and for housing under Rule 68B, via a press release dated May 13, 2024.
Infosys is facing a penalty of over Rs 82 lakh in Canada. According to a report by the news agency PTI, The Justin Trudeau-led government has imposed a penalty of over 1.34 lakh Canadian dollars on the Indian IT company. The Canadian government alleged that the penalty on Infosys was imposed due to underpayment of employee health tax for the year ended December 31, 2020.
The Wanowrie police have booked 89 beneficiaries of Aatmanirbhar Bharat Rozgar Yojana (ABRY) for cheating Employees Provident Fund Organisation (EPFO), Pune regional office, of over ₹18.04 crore.
Micro and Small Enterprises (MSEs) received a setback on Monday as the Supreme Court declined to hear their plea against the new Income Tax provision. However, the apex court granted the MSEs leave to pursue their case in the High Court.
