Payroll and Compliance
13 Payroll and Compliance
Payroll & Compliance – Important Legislative Updates in July!
ADP monthly chronicle – July 2019Changes introduced in the new tax regime by the governmentThe new tax regime of reduced income tax rates was introduced on 1st April 2020. Under the new regime, if a taxpayer selects the option, all allowances and perquisites are treated as taxable components. However, in June 2020, the government relaxed the rules of taxability to help the employees and ease their tax burden.CBDT has further clarified the new rule (Section 10 read with Rule 2…
Posted by: The ADP Team 16 Jul 2020 | 0 Comments
Payroll & Compliance – Important Legislative Updates in April!
ADP monthly chronicle – April 2019“STAY SAFE, STAY INDOORS.”ADP has been closely monitoring COVID-19 developments through local authorities and the World Health Organization. Following the on-going implications from the coronavirus pandemic, we are currently under a 3-week nationwide stay-at-home directive announced by our honorable Prime Minister on the24th of March.Despite of all the challenges that persist during these trying times, ADP continues to be focused on ensuring we deliver consistently in the same way that we have been for the…
Posted by: The ADP Team 09 Apr 2020 | 0 Comments
Payroll & Compliance – Important Legislative Updates in September!
ADP monthly chronicle – Sept. 2019Webinar on “Code of Wages”“Code of Wages” is one of the four bills on labour-law compliance which was introduced in July 2019, and is now applicable across India. The Code of Wages replaces four laws:The Payment of Wages Act, 1936The Minimum Wages Act, 1948The Payment of Bonus Act, 1965The Equal Remuneration Act, 1976ADP had conducted an informative webinar on the subject to relay as much information about the changes in the act, which is sure…
Posted by: The ADP Team 22 Oct 2019 | 0 Comments
The Maternity Benefit Act - FAQs
(Volume – 40 of Coffee Break Compliance Guide from Anandan Subramaniam) Further readings on Maternity Benefit Act: Refer Volume 27 & 31 of Coffee Break Compliance GuideObjective of the Maternity Benefit ActIt is a piece of legislation to protect the rights of woman employees. In addition to the privileges of the original Act, the Government of India, recently enhanced the benefit and other privileges.Let us see the Frequently Asked Questions (FAQs) under the legislationWhat are the rights available to woman…
Posted by: ericmikio 28 May 2019 | 0 Comments
Apprentices (Amendment) Act, 2014 & Apprenticeship Rules, 2015 - An Abstract & Duties of Employer
(Volume – 38 of Coffee Break Compliance Guide from Anandan Subramaniam)In any industry or an establishment the employer can impart an Apprenticeship training under the Apprentices Act, 1961. Basically this Apprenticeship training contains both theoretical instructions and on-the-Job training in the organizational premises. With the amendment, the training (for theoretical instructions) can be outsourced to a third party. Earlier there was a fixed quota to engage such Apprentices.An Apprentice is a person who undergoes Apprenticeship training in designated trade in…
Posted by: ericmikio 08 May 2019 | 0 Comments