Month: March 2019

Categories
Labour Welfare Fund Payroll punjab

Revised Labour Welfare Fund Punjab

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This is to bring to your information that Haryana Government has amended the Punjab Labour Welfare Fund Act in its application to Haryana State. As per the notification from now onwards the contribution in Haryana with effect from March’2019, shall be

Employee = 0.2% of employee salary/wages every month (subject to a limit of Rs.25)

Employer =  Twice the employee contribution. Provided, that the limit specified above shall be indexed annually to the consumer price index beginning from 1st January every year. The notification is attached herewith for reference

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Categories
Provident Fund (PF)

PF (Provident Fund) on Special Allowances

The Supreme Court has held that special allowances paid by an employer to its employees have to be included in “basic wage” for deduction towards provident fund. Now All Allowances (Not HRA) will be part of PF wages.


However If  Basic Wages and other allowances collectively are more than 15,000/- per month than the employer has an option to limit wages for provident fund contribution to INR 15,000/- per month

This video about to how to calculation of PF on allowances and what amount come to as extra cost on employer side and net pay reduce for employee.

Regards – Team Payroll Pedia

Categories
Payroll

Due dates Compliance Calendar for March 2019

Statutory compliances dues date calendar issued by PayrollpPedia for March 2019. Below are list of last dates Act wise:

Date (by when) Applicable Act Details of Compliance
07th MAR TDS Deposit Last Date Income Tax Deduction On Salary
15th MAR ESIC Monthly deposit ESIC Contribution
15th MAR PROVIDENT FUND Monthly deposit PF Contribution
20th MAR Professional Tax KARNATAKA (BANGALORE) [Monthly]
10th MAR Professional Tax ANDHRA PRADESH (HYDERABAD) [Monthly]
21st MAR Professional Tax WEST BENGAL (KOLKATA) [Monthly]
31st MAR Professional Tax MAHARASHTRA  (MUMBAI) [Monthly]
15th MAR Professional Tax GUJARAT (AHMEDABAD)   [Monthly]
31st MAR Professional Tax ORISSA  (Monthly)
10th MAR Professional Tax MADHYA  PRADESH  (INDORE) (Monthly Salary)
31st MAR Professional Tax GUWAHATI (ASSAM) (Monthly)
31st MAR Professional Tax KERALA  (Half-Yearly)/COCHIN
31st MAR Professional Tax (CHENNAI) [Half – Yearly] 
31st MAR Professional Tax COIMBATORE (TAMIL NADU) [Half – Yearly] 
31st MAR Professional Tax Tenkasi, Tamil Nadu(Half-Yearly)
31st MAR Professional Tax Kancheepuram, Tamil Nadu(Half-Yearly)
31st MAR Professional Tax Hosur, Tamil Nadu(Half-Yearly)
31st MAR Professional Tax Erode , Tamil Nadu(Half-Yearly)
31st MAR Income Tax Act Last date of Submission Investment proofs Form 12BB

(Author can be reached at iptm.india@gmail.com)