New Delhi: The labour and employment ministry has directed employers to ensure employees’ statutory wages are not reduced after implementation of the higher wage ceiling of ₹25,000 under the Employees’ Provident Fund Organisation (EPFO).The move is aimed at allaying apprehensions that the employers’ share under the enhanced wage ceiling might be adjusted from the employees’… Continue reading Don’t cut salaries: Ministry sends a missive to companies after new ₹25,000 EPF wage ceiling
A significant update for employers and employees. The Government has approved the enhancement of the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month, effective 17 September 2026. This means employees drawing wages between ₹15,000 and ₹25,000 per month, who were earlier outside mandatory EPFO coverage on account of the wage ceiling,… Continue reading EPFO Wage Ceiling Increased from ₹15,000 to ₹25,000
The Union Cabinet on Wednesday approved the Ministry of Labour & Employment’s proposal to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from Rs 15,000 to Rs 25,000 a month.The move is expected to bring more than 51 lakh additional employees under mandatory EPFO coverage, expanding the social security… Continue reading Cabinet approves raising EPFO wage ceiling from Rs 15,000 to Rs 25,000
The IMC Chamber of Commerce organised a seminar on “Definition and Inclusions & Exclusions of ‘WAGE’ under the Four Labour Codes, along with the related Income Tax and Other Tax Ramifications”. The seminar focused on the implications of the revised definition of “wages” under the four Labour Codes and its impact on employers, employees, taxation… Continue reading IMC Hosts Seminar on Wage Reforms, Compliance and Taxation under the Four Labour Codes
NEW DELHI: In an overhaul of provident fund rules for nearly eight crore active members, Employees Provident Fund Organisation (EPFO) has said 12% contribution up to the statutory wage ceiling, which is currently at Rs 15,000 a month, is mandatory. Any contribution above that will be treated as voluntary. Even if your basic salary is… Continue reading EPF contributions above Rs 1800/month to be voluntary
Tata Steel has finalised a long-term wage revision agreement with its recognised unions at Jamshedpur, bringing significant salary increases and enhanced benefits for employees across multiple categories. The settlement will remain in force from 1 January, 2025, to 31 December, 2031, and covers employees in both the NS Series and Old Series categories, including workers… Continue reading Tata Steel signs seven-year wage pact with unions; employees to get higher pay, HRA and allowances
Mumbai: An industrial court on Monday set aside a dismissal by a company’s internal co- mplaints committee (ICC) of a woman employee’s Oct 2023 ‘sexual harassment’ complaint and directed the panel to hold a proper enquiry by hearing all parties within 3 months. The court held that the ICC “failed to conduct a full-fledged inquiry”… Continue reading Hear plaint properly:Cout to POSH panel
Speakers : Advocate Sundeep Puri and Advocate Vanshaj Puri Session 1: Decoding India’s Labour Law Overhaul: From 29 Laws to 4 Codes Session 2: The New Wage Framework: Payroll Structuring, Benefits & Social Security Compliance Emphasised that a purely statutory, checklist-driven approach is no longer sufficient: organisations must align their labour practices with evolving jurisprudence,… Continue reading The Economic Times Masterclass on “Beyond Compliance: Rethinking Labour Practices.”
