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NEWS

Maternity Leave raised to 26 weeks:

Amendment in Maternity Benefit Act has been notified to raise Maternity Leave from 12 weeks to 26 weeks w.e.f. 1st April, 2017.

EPF Wage Ceiling enhanced to Rs. 15,000:

Monthly wage ceiling for coverage under EPF enhanced from Rs. 6,500/- to Rs. 15,000/- w.e.f. 1st September, 2014.

ESI Wage Ceiling enhanced to Rs. 21,000:

Monthly wage ceiling for coverage under ESI enhanced from Rs. 15,000/- to Rs. 21,000/- w.e.f. 1st January, 2017.

EPF Admin Charges reduced and EDLI Admin Charges abolished:

EPFO reduced EPF admin charges to 0.65% from 0.85% and abolished EDLI admin charges w.e.f. 1st April, 2017.

Bonus Eligibility Ceiling enhanced to Rs. 21,000:

Wage ceiling for eligibility under Payment of Bonus Act has been enhanced from Rs. 10,000 to Rs. 21,000 per month retrospectively w.e.f. 1st April, 2014. Although, implementation from retrospective effect has been stayed by various High Courts.

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