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Payroll & Compliance – Important Legislative Updates in November!

Posted by: The ADP Team on 5 December 2019 in Compliance, Human Capital Management, Talent Management

ADP monthly chronicle – Nov. 2019

Know Your Taxes right 2020 webinar

Income tax is a tedious subject and with all rules and regulations put in place, the subject is becoming more complicated by the day.

But now, ADP (India) brings to you a webinar on: Know your taxes right 2020

This webinar will help you go through and understand:

  • New Budget changes which happened this year and how the impact your tax calculations
  • The different section (Chapter VI A) wherein you can invest and claim tax benefits for the years
  • The documents to be submitted for each allowance and above investment claims
  • All in all, this webinar will give you an overview of all your tax queries and requirements. We will attempt answering most of your queries and concerns, and also try to prepare yourselves to avoid last minute surprises during the year-end or while filing your Income Tax returns

Note: This webinar can be attended by all employees in your company, and is open for all. You can share the link with all your employees or arrange an open house forum in your company. Please register yourself and help others do the same. Register here.

The states of Jammu & Kashmir are covered under EPFO

As we all know, the Government of India has abolished Article 370 of the Constitution, making Jammu and Kashmir a part of India, and also the J&K Reorganisation Act 2019 was implemented, giving the state the status of a “Union territory of India”.

Recently our Government has issued an official notification making Employee Provident Fund & Miscellaneous Act, 1952 applicable for Jammu and Kashmir (J&K) states. As per the ruling, any establishment in J&K employing ten or more employees on any day of the year; all rules of EPFO will be applicable. This change is effective from 1 January 2020.

To read further please refer the official notification.

Cabinet approves “Code on Industrial Relations Bill”

The industrial relations code which is the third out of four labour codes, has been approved from the cabinet this month. The Centre has approved the Code on Industrial Relations Bill 2019 and the same is ready to be presented in parliament for discussion and approvals. This new bill has been introduced after amalgamating and simplifying relevant provisions of three Central Labour Acts — the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947.This bill is proposed to focus on providing flexibility to the exit provisions relating to retrenchment and related procedures; and will provide a legal framework for the concept of ‘fixedterm employment’ through contract workers. We will keep you updated on any progress and news on the topic. Stay tuned!

To read further please refer the official notification.

The Occupational safety, health and working conditions code, 2019 introduced in Lok Sabha

The Occupational Safety, Health and Working Conditions Code, 2019 was introduced in Lok Sabha in July 2019. This Code is released with an aim to streamline the private sector by broadening the coverage of workers safety purview by merging 13 central labour laws relating to safety, health and working conditions into a single code. This code will apply to all establishments employing 10 or more workers on any day of the financial year.

The below are few highlights of the bill:

  • The bill aims at simplifying the act by bringing 644 sections and regulation to mere 134 section to govern and manage Indian labour safety law.
  • Instead of separate registration under labour law, the bill proposes for single registration for compliance needs and requirement; thus providing ease of business to all the establishments.
  • The bill also proposes single return for all labour forms and submission
  • The bill provides a rule wherein employers are supposed to provide free of cost annual health checks-up for employees above prescribed age for prescribed tests to enable heathy task force.
  • Appointment letter format to be revised and standardized across employees and organisations.
  • Formation of unified safety and advisory committee to empower centralized governance.
  • Night shift rules for women employee to be laid down in line with code requirements.

The bill is right now put to suggestion and review from “US” (general public). The standing Committee has been formed to enable and encourage general public to submit their views/suggestions in the same relations.

The procedure for submitting written memoranda/suggestions can be find here.

Hope you have enjoyed this month’s Payroll & Compliance updates, you may access the PDF version here to share with your colleagues easily.

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TAGS: compliance EPFO income tax Tax work safty

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