Categories
Goa Minimum Wage Payroll

Revised Minimum Wages Goa (VDA)

The Minimum wages in Goa (VDA) has been revised with effect from 01st April 2019.The amended rates for all the categories are as below:-

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GOA SHOPS AND COMMERCIAL ESTABLISHMENTS 
  Minimum Wages Rates
CATEGORY OF WORK Per-Day (Zone A) Per-Day (Zone B) Per-Day (VDA) w.e.f 01.04.2019 Per-Month (Zone A) Per-Month (Zone B)
Skilled 423 417 30 11778 11622
Semi-Skilled 368 363 30 10348 10218
Clerical III 423 417 30 11778 11622
Unskilled 310 307 30 8840 8762

 

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Categories
Payroll Survey by IPTM

Career in Payroll Management : Payroll Survey by IPTM

Payroll Learning Age Group is 25 Years to 34 Years in India, in which 89% Male and 11% are Female.

According to latest survey of IPTM, refer to YouTube Watch analysis reports and IPTM official website survey, following are result declared.

Question: What is the age group of Payroll Learners in India?

Answer: Younger students are moving in to Payroll Industry in India , there age group between 25 – 34 years old. more than 90% people are below 30 years age who are joining IPTM Payroll Training Program.

Question: What is the Male and Female ratio in Payroll Training?

Answer: In India, 89% Males in Payroll and 11% are Female. but IPTM learning center reports is different. Joining % of Female Student is 60% and 40% are male students from 2015 to 2019.

Visit: www.iptm.org.in

Regards,

#PayrollPedia

Categories
Payroll

Form 16 Part B has a slight Misprint and Typing mistake

Dear Friends,

As you aware that this year from 16 TDS certificate both parts (Part A and Part B) download from traces only.

But, i would like update you that downloaded and generated form 16 Part B have some Misprint items.

Form-No 16 has a slight misprint. Point no 10 Deduction in under chapter VI-A (k) “Amount deductible under any other provision (s) of chapter VI-A [Note: Break -up to be prepared by employee and issued to the employee, where applicable , before furnishing of part B to the employee]”

Similarly, Point no 2 Less: Allowances to the extent exempt under section 10 (f) “Amount of any other exemption under section 10 [Note: Break-up to be prepared by employee and issued to the employee, where applicable , before furnishing of Part B to the employee]”

I would like suggest you please wait some time as we believe that traces will be update this soon so that we can get corrected once we submit new request for form 16. OR you can make a correction in pdf before signing it.

I have already uploaded a video and Excel utility to correct the form 16 in PDF though VBA Excel formulas on YouTube and 99Excel.Com.

Thanks

Cheers!
Kumar Ajit
Founder and CMO

PayrollPedia.org

Categories
ESIC

ESIC Reduced Both Employee And Employer Contribution from 1, July 2019.

In a historic decision, the Union government has cut the contributions made by employers and employees toward the health insurance scheme of Employees’ State Insurance Corporation (ESIC). The total contribution has been cut to 4 per cent from the current 6.5 per cent.

Here is the good news. After 4 months of issuance of draft rules for reduction in ESIC contribution rates have been reduced and notified. Rates notified are much better than the rates as was notified in draft rules.

Ministry of Labour & Employment has issued a Gazette Notification  No G.S.R 423(E)) dated 13th June 2019 reducing the Employer contribution to ESIC to .75% from 1.75% and Employer contribution to 3.25% from 4.75% effective 1st July 2019.

Seems to have a gift both for employers as well as employees. In draft rules vide Gazette Notification G.S.R 121 (E) dated 15/02/2019 it was proposed to reduce Employee Contribution for ESIC to 1% from 1.75% and Employer Contribution to 4% from 4.75 %.

Categories
Minimum Wage Orissa Payroll

Revised Minimum Wages Odisha

The Minimum wages in Odisha has been revised with effect from 01st April 2019.The amended rates for all the categories are as below:-

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ODISHA SHOPS AND COMMERCIAL ESTABLISHMENTS

W.E.F 01.04.2019

         

S.NO

Category

From 30.10.2018 (per day)

VDA per day w.e.f 01.04.2019

Minimum Wages with VDA w.e.f 01.04.2019  (per day)

1

Unskilled

Rs. 280/-

Rs. 6.30/-

Rs. 286.30/-

2

Semi Skilled

Rs. 320/-

Rs. 6.30/-

Rs. 326.30/-

3

Skilled

Rs. 370/-

Rs. 6.30/-

Rs. 376.30/-

4

Highly skilled

Rs. 430/-

Rs. 6.30/-

Rs. 436.30/-

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Categories
Payroll

Revised Minimum Wages Andhra Pradesh

The Minimum wages in Andhra Pradesh has been revised with effect from 01st April’ 2019.The amended rates for all the categories are as below:-

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ANDHRA PRADESH SHOPS AND COMMERCIAL ESTABLISHMENTS 
Notification issued vide G.O.Ms.No.116, LET&F (Lab.II) Dept., dt:07-12-2007
Published in Gazette No.705 , dated 19-12-2007
Wages Linked at 525 CPI Points
CPI points notified as on 01.04.2019 =  1306
VDA to be paid from 01-04-2019 to 30-09-2019 = 1306 – 525 = 781 points. 
Per Point rate of VDA notified in the notification =Rs. 6.40

Minimum Wages and VDA payable  from 01.04.2019 to 30.09.2019

Sl.No. Name of the Category Basic Wage ZONE I VDA for 781 points ZONE I Total Wage ZONE I  Basic Wage ZONE II VDA for 781 points ZONE II Total Wage ZONE II
1 Manager/Field Officer/Development Officer/Security Officer/Office Incharge/Computer Programmer 5557 4998 10555 5138 4998 10136
2 Accountant/Asst. Manager/Sales Executive/Supervisor/Purchaser/Store Keeper/Agent/Sales Promotion Employees 4722 4998 9720 4520 4998 9518
3 Salesman/Stenographer/Receptionist/Auction Bider/Tradesman/Type Writer Instructor 4520 4998 9518 4302 4998 9300
4 Clerk/Typist/Clerk-cum-Typist/Godown Incharge/Lineman/Assistant  Salesman/Asst. Accountant/Xerox Machine Operator 4102 4998 9100 3886 4998 8884
5 Weighman/Kolgari 3886 4998 8884 3757 4998 8755
6 Peon/Attender/Watchman/Water Boy/Helper/Messenger/Security Guard 3700 4998 8698 3370 4998 8368

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Categories
Payroll

Revised Minimum Wages Madhya Pradesh

The Minimum wages in Madhya Pradesh has been revised with effect from 01st April’ 2019.The amended rates for all the categories are as below:-

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MP SHOPS AND COMMERCIAL ESTABLISHMENTS

 

w.e.f Dated 01/4/2019 to 30/09/2019

               

S. No

Category

Basic Wages

VDA

Total Wages

 

Per Month

Per Day

Per Month

Per Day

Per Month

Per Day

Dated 01.04.2019 to 30.09.2019

1

Unskilled

6500

250.00

1200.00

46.15

7700.00

296.00

2

Semi Skilled

7057

271.42

1500.00

57.69

8557.00

329.00

3

Skilled

8435

324.42

1500.00

57.69

9935.00

382.00

4

Highly skilled

9735

374.42

1500.00

57.69

11235.00

432.00

 

Categories
Payroll

Revised Minimum Wages Punjab

Minimum wages in Punjab has been revised with effect from 01st March 2019.The amended rates for all the categories are as below:-

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PUNJAB SHOPS AND COMMERCIAL ESTABLISHMENTS

Minimum Wages Rates w.e.f 01/03/2019

       
       

S.NO

Categories

w.e.f 01/03/2019

Per Day

Monthly

1

Unskilled

325.53

8451.95

2

Semi-skilled

355.53

9231.95

3

Skilled

390.03

10128.95

4

Highly Skilled

429.73

11160.95

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Categories
Payroll

Due Date Compliance Calendar June 2019

Statutory compliances due dates calendar issued by #PayrollPedia for June 2019. Below are list of last dates Act wise: –

Date (by when) Applicable Act Details of Compliance
7st Jun Tax Deposie Monthly deposit tax Contribution
15th Jun TDS Certificate (Form 16) Issue Last date  Income From Salary, Income Tax Act , 1961
15th Jun ESIC Monthly deposit ESIC Contribution
15th Jun PROVIDENT FUND Monthly deposit PF Contribution
20-Jun  Professional Tax KARNATAKA (BANGALORE) [Monthly]
10-Jun  Professional Tax ANDHRA PRADESH (HYDERABAD) [Monthly]
21-Jun  Professional Tax WEST BENGAL (KOLKATA) [Monthly]
30-Jun  Professional Tax MAHARASHTRA  (MUMBAI) [Monthly]
15-Jun  Professional Tax GUJARAT (AHMEDABAD)   [Monthly]
30-Jun  Professional Tax ORISSA  (Monthly)
10-Jun  Professional Tax MADHYA  PRADESH  (INDORE) (Monthly Salary)
30-Jun  Professional Tax GUWAHATI (ASSAM) (Monthly)