Archive for January, 2016
While the deadline for Provident Fund (PF) remittance by employers is the 15th of the following month, the PF department allowed an additional 5 days as grace period until now. Given that the PF remittance was done primarily by way of cheque payment at designated branches of the State Bank of India in the past, the […]
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Leave a Comment (0) →The Government of India has notified the Payment of Bonus (Amendment) Act, 2015, by way of a notification dated 01-Jan-2016. The notification impacts the Payment of Bonus Act, 1965, and mandates the following changes with regard to statutory bonus calculation. 1. Bonus eligibility: Until now, employees who are employed on a salary exceeding Rs 10,000 per […]
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Leave a Comment (0) →Joyful Payroll
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