PF & ESIC Consultancy

29/10/2019

29/10/2019

Changes in ESI Act & Regulations w.e.f. 1.10.2019*



1. Employees must be registered online within 10 days from their date of joining. Thereafter employees cannot be registered. *(Normally registration of the employees is done while preparing e-Challan that is after the closure of wage period. Now it's to be done from the date of joining of the employee or else system will not accept the employee done with back date)*



2. Monthly ESI Contribution cannot be paid after 42 days from the due date. *(No clarity as to how to pay ESI Contribution for back period)*



3. Employee whose per day salary is Rs. 176/- or less need not to pay Employee's contribution and the same will be paid by Govt. However, Employer will have to pay their share of contribution. *(Part time employees might get benefit of the same)*

13/06/2018

EPFO directs offices to pay higher pension to eligible EPS members.

After a long wait, there is some good news for Employees' Pension Scheme (EPS) subscribers. EPS members eligible for higher pension, post a Supreme Court judgement, but were being turned away by provident fund offices can now get their dues thanks a recent circular by the Employees' Provident Fund Organisation (EPFO).

The EPFO has started pushing its offices to give higher pension to those EPF members who are eligible for it based on a landmark judgement by the Supreme Court in October 2016. The apex court's judgement had directed the EPFO to revise the pension on higher wages of the petitioners under EPS.
However, it seems some field offices are yet to implement the same and have been delaying the process in the garb of non-availability of explicit instructions from the EPFO head office.

EPFO head office has taken this matter seriously and on June 8, 2018 it issued a circular stating, "No instructions can be kept aside for compliance only on the ground that reference has been made to Head Office for further clarification on assumption basis without attempting to comply those instructions practically. EPFO circular goes on to say - "Many field offices are taking appropriate actions on the detailed order of the Supreme Court duly circulated by Head Office for compliance by utilizing t he provisions already existing in the relevant software, whereas some offices are deliberately not taking any action to revise the pension claims to eligible members by taking one plea or the other."

For the year ending 31st March 2018, based on the number of cases received by them, these were the regional offices which have revised the pension.

11/06/2018

Pf Admin charges reduced from 0.65% to 0.50% ,W.E.F. 1ST JUNE,2018.