Modi government is going to make a change in working hours and retirement regulations. In this law, provident fund and gratuity items of employees will increase and take home salary will decrease. Meanwhile, the balance sheet of the organisation will be affected. The reason behind this is the three Wage Code Bill introduced last year....
EPFO is all set to credit an 8.5 percent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts by the end of December. So when that happens, there surely would be an urge within many of you to check your revised account balance. Thus to ensure you have all the information you...
In what we believe is a way to increase consumer spending (which has plunged in the last few quarters), the Government is looking into an option to reduce the provident fund contribution (PF) of an employee. This, is authorized, would increase an employee’s take away amount. The PF on the basic salary is currently 12...
