Categories
LWF Orissa

Labour Welfare Fund applicable Odissa

The LWF is applicable for Orissa. Please find the LWF applicability clause & Gazette. And deduct the LWF accordingly in future.

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StateOdisha
Applicablity of the LWF Act Any Employer/Establishment employing twenty or more employees/persons
Category of Employees to be coveredAll employees except those working in the managerial or supervisory capacity and who is employed as an apprentice or on part-time basis
Applicability Contract Labours? YES
Contribution period (month)June & December
Periodicity30th June

31st December
Lost Day for submission15th July

15th January
Employee Contribution20
Employer Contribution40
Total Contribution60
Form to be filled in for paymentFORM F

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Categories
Maternity Act

Creche facility under Maternity Benefit Act

Creche facility in MBA Maternity benefit Act, 2017, a clarification on the terms and conditions as applicable has been issued. The summary for the guidelines issued for setting up and running creche is attached letter.

This would now bring ease to implement the facility of creche in all the organisations and would be of great help to adhere with the compliances under the Maternity benefit Act.

Summary_Creche_Guidelines_Nov_2018Download
Categories
80C Deductions India Payroll

NSC Interest Calculator – National Savings Certificate Calculator in Excel for 2018-19

Download NSC Interest Calculator in Excel for deduction under section 80C of Income Tax Act, 1961. Interest earned on NSC purchased of last 5 years is taxable in hand of assesses and it laso deductable under section 80C up to limit of section ( currently 80 max. limit is 150000). Click here to download NSC Calculator in Excel.

 

What is NSC:

National Savings Certificate is a popular mode of small savings investment in India. The NSC rate of interest has been fixed by the government. The NSC (National Saving Certificate) Calculator allows you to calculate the return on your investment when saving using the National Savings Certificate Scheme.

 

NSC Restrictions

The National Saving Certificate Scheme (NSC) is an excellent investment opportunity but there are some restrictions you should be aware of.

  1. The National Saving Certificate (NSC) scheme has a minimum investment threshold of ₹100.00
  2. National Saving Certificates are issued at a minimum of ₹100.00 certificates though you can also purchase ₹500.00, ₹1,000.00, ₹5,000.00, ₹10,000.00 denomination certificates.
  3. There is no limit on the number of National Saving Certificates that you can buy.

 

Type of NSC Certificates

There are 3 different types of National Savings Certificate

  1. Single holder Type Certificate: Issued to an individual (the holder) or to an individual on behalf of a minor.
  2. Joint A type Certificate: Issued jointly to two adults. On maturity, the NSC is paid to both of the joint holders
  3. Joint B type Certificate: Issued jointly to two adults in the same way as Joint A type NSC (see above) withe the difference that on maturity, the NSC is paid to one (either one) of the joint holders.
Categories
Coimbatore Professional Tax (P.Tax)

Revised Professional Tax in Coimbatore

Please find below the new tariff for your reference. Also attached herewith the P.Tax Notification for the same.

 

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Half Yearly Gross Income Professional Tax up to 30-Sep-2018 01-October-2018 onwards

P.Tax slab rates
Upto Rs. 21,000 NIL NIL
Rs. 21,001 to 30,000 Rs. 127 Rs. 171
Rs. 30,001 to 45,000 Rs. 317 Rs. 428
Rs. 45,001 to 60,000 Rs. 634 Rs. 856
Rs. 60,001 to 75,000 Rs. 950 Rs. 1250
Above Rs. 75,000 Rs. 1250 Rs. 1250

 

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Become a Complete Payroll Professional Join IPTM Training Program

For more details please visit our website  www.iptm.org.in 

 

Categories
Labour Welfare Fund West Bengal

Revised West Bengal Labour Welfare Fund – Employer

Revised Labour welfare fund – LWF Contribution Rate of West Bengal state.

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As per notification published by the West Bengal Labour Welfare Board dated 12th October 2018, the Board has exercised its powers under Section 9 (2) of the West Bengal Labour Welfare Fund Act, 1974 and has revised the rate of contribution for every six month with effect from 1st September,2018.

 

The previous rate of contribution is Employees Rs 3 per head per half year and Employer Rs 6 per head per half year. The revised rate has been notified for Employees at Rs 3 per head per half year and for Employers at Rs 15 per head per half year.

 

 

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Become a Complete Payroll Professional Join IPTM Training Program

For more details please visit our website  www.iptm.org.in 

Categories
Professional Tax (P.Tax)

Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

The P.Tax Act/Rules for Punjab have been notified. Below the Professional Tax Checklist for Punjab State.

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S No. State ACT Mode of deduction Periodicity of deposition Due date of P.Tax Payment for Employees Due date of P.Tax Payment/Annual Return for Employer Penalty for Late P.Tax Payment P.Tax Slab rates
1

 

 

 Punjab Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

 

 Monthly

 

 

 

 Quarterly

 

 

 

 Employees due date is not prescribed yet.

 

 

 30th April

 

 

 

 Interest @2% for every month

 

 
  1. All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 – Rs. 200/-
  2. All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961 – Rs. 200/-
  3. But Exempting Senior Citizens as per the Income Tax Act, 1961

 

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Categories
Delhi

Revised Minimum wages in Delhi (October 2018)

The Minimum wages in Delhi has been revised with effect from 05.08.2018 .The amended  rates for all the categories are as below:-

 

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DELHI SHOPS AND COMMERCIAL ESTABLISHMENTS
S.NO CATEGORY OF WORKERS Rates from 01.10.2016 D.A w.e.f 01.04.2017 D.A w.e.f 01.04.2018 Total Wages
1 Un-skilled 9724.00 234.00 312.00 10270.00
2 Semi – skilled 10764.00 260.00 338.00 11362.00
3 Skilled 11830.00 286.00 390.00 12506.00
For Clerical & Supervisory Staffs
S.NO CATEGORY OF WORKERS Rates from 01.10.2016 D.A w.e.f 01.04.2017 D.A w.e.f 01.04.2018 Total Wages
1 Non matriculates 10764.00 260.00 338.00 11362.00
2 Matriculates but not Graduates 11830.00 286.00 390.00 12506.00
3 Graduates and above 12870.00 312.00 416.00 13598.00

 

 

Categories
Professional Tax (P.Tax)

Maharashtra P-Tax Late Fee Exemption till 31st December’2018

P.Tax circular from the Maharashtra Government, wherein due to the problems being faced in filing of the online Professional Tax Returns in Maharashtra for the period from April’2016 to November’2018; the same can be filed till 31st December’2018 without any late fee/penalty.

 

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Categories
Min Wages Minimum Wage Uttar Pradesh

Latest Minimum Wage in Uttar Pradesh October 2018

Minimum wages in Uttar Pradesh has been revised with effect from 1.10.2018.The amended  rates for all the categories are as below:- Click here to Download Official Notification.

 

 

UP Minimum Wages Rates for Shops and Establishment

Effective for the period From 01/10/2018 to 31/03/2019

S.NO

Category

Basic

VDA

w.e.f  01.10.2018 to Dated 31.03.2019
w.e.f 01.04.2018 to 30.09.2018 Dated 01.10.2018 to Dated 31.03.2019 Monthly (Rs.) Daily (Rs.)

1

 Unskilled 5750 1863.42 1925.45 7675.45 295.21

2

 Semi Skilled 6325 2049.77 2118.00 8443.00

324.73
3 Skilled 7085 2296.06 2372.49 9457.49

363.75
Categories
Professional Tax (P.Tax)

Revised Professional Tax Slab of Tripura State

Revised Professional Tax Slab of Tripura State 2018. Tripura state of India has been revised Professional Tax (P.Tax) slab rate form 25th July 2018. Following table for P.Tax slab of Tripura from 25th July 2018.

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STATE Income From Income to P.TAX
TRIPURA 7001 15000 150
TRIPURA 15001 99999999999 208

 

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