Labour Laws & New Labour Code

1. The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952

• • How to Calculate Pension under Employees’ Pension Scheme, 1995?

• • How to Calculate EDLI (Employee Deposited Linked Insurance) as per amendment under PF Act?

• • What is the minimum and maximum amount of EDLI is payable under PF Act?

• • What is the interest rate declared for year Yr. 2022-23?

• • Under PF in the year 2021 – 2022, and onwards if employees contribution is more than Rs.2,50,000/- then whether on additional contribution, whether TDS will be deducted?

• • PF dues payment has to be made on or before which date?

• • What is Interest and Damages rat e for delay payment of contribution?

• • If any employee has joined his first employment after 1st Sept, 2014 and his salary is more than Rs.15,000/- (Basic +DA) then pension contribution has to be deducted or not?

• • Latest Update on Provident Fund as per the Finance Minister Budget for 2021

• • 2022: There will be no impact of TDS for those contributing up to Rs. 20,833/- pm (Rs. 2.50 lakh pe r yea r) AND detailed comparison (calculation) of interest, if monthly contribution paid is more than (Rs. 20,833/-)

2. Employees’ State Insurances Act, 1948

• • How to count 10 person’s for applicability of ESI Ac t, as per recent amendments under ESI Ac t for Shops and Establishment in Maharashtra State?

• • ESIC: – Documents for Registration / obtaining Code Number.

• • What is the increase coverable limit of ESI w.e.f from 1st January 2017?

• • Detail study on various benefit under ESI Scheme (Total 10 Benefits)

• • ESI is applicable on which Salary/wages component?

• • Which allowances are excluded under ESIC?

• • Under ESI Ac t, how many weeks, maternity benefits are payable?

• • Under ESI Ac t, how many weeks benefits for miscarriage are payable?

• • ESI dues payment has to be made on or before which date?

• • What is Interest and Damages rat e for delay payment of contribution?

• • An employee covered under ESIC has expired at his residence (natural death) whether his family members are entitled for Funeral expenses & Pension also?

3. Payment of Gratuity Act, 1972

• • When Gratuity is applicable and payable?

• • How to calculate payment of gratuity?

• • Gratuity is payable on which components of salary?

• • What is the maximum limit under the Gratuity Ac t, for which Incom e tax exemption can be claimed?

• • Whether Employer can pay more amount of Gratuity then prescribed under the act. If yes under what circumstances?

4. The Payment of Bonus  Act, 1965

• • Bonus  is payable on which components of salary?

• • Minimum number of attendances required for eligibility of Bonus .

• • Bonus  is Payable on Rs. 7,000/- or minimum wages under schedule employment when Basic + DA is Rs. 25,000/-

• • Whether monthly Bonus  is payable under the Bonus  Ac t? If yes, then how?

• • What is salary/wages (Basic + D.A) limit and on what amount Bonus is calculated.

5. The Code on Wages 2019

• • Detail Highlights on New Code on Wage, 2019

• • Under Ne w Code on Wages, 2019, what will be the percentage of Basic + D.A. + Retention Allowances?

• • What will be impact on take-home salary?

• • Whether liability under payment of gratuity will be increased for old employees?

• • What will be the last date for making payment of salary/wages under Code on Wage, 2019, if number of employees are more than 1000?