Context Setting

Broad fundamentals & compliance aspects of the following would be covered in this webinar

1. Supreme Court Order: on Payment of Salary / Wages during the lockdown period.
2. Hon’ble Supreme Court Judgement of 28th Feb 2019 for Basic Wages on PF
3. Statutory Compliances under PF, ESIS, Bonus, & Gratuity etc. along with the latest updates.

Objective

The Live Online Session will cover the following KEY POINTS under various acts:

 

The Code on Wages 2019

1. Detail Highlights on New Code on Wage, 2019
2. Under the New Code on Wages, 2019, what will be the percentage of Basic + D.A. +  Retention Allowances?
3. What will be the impact on take-home salary?
4. Whether Labiality under Payment of Gratuity will be increased for Old Employees?
5. What will be the last date for making payment of salary/wages under Code on Wage, 2019, if the number of employees is more than 1000?
6. Overtime will be calculated on which Salary / Wages component?
7. For doing overtime, whether the consent of the employee is required?
8. Salary/wages limit for payment of bonus?
9. Whether Gratuity is payable to fix term employees for one year?

THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952

1. How to Calculate Pension under Employees’ Pension Scheme, 1995?
2. How to Calculate EDLI (Employee Deposited Linked Insurance) as per the recent amendment under PF Act?
3. What is the minimum and maximum amount of EDLI payable under the PF Act?
4. What are the criteria for availing Covid – the 19 pandemic advance under PF Act.?
5. Whether Covid – 19 Pandemic advances will be available for 2nd time under Provident Fund  Act?
6. How to calculate Covid – 19 Pandemic advance under the Provident Fund Act?
7. What is the interest rate declared for the year Yr. 2021-22?
8. Under PF in the year 2021 – 2022, and onwards if the employee’s contribution is more than Rs.2,50,000/- then whether on additional contribution, whether TDS will be deducted?
9. PF dues payment has to be made on or before which date?
10. What is the Interest and Damages rate for delayed payment of contribution?
11. If any employee has joined his first employment after 1st September 2014 and his salary is more than Rs.15,000/- (Basic +DA) then does pension contribution have to be deducted or not
12. Latest Update on Provident Fund as per the Finance Minister Budget for 2021 – 2022: There will be no impact of TDS for those contributing up to Rs. 20,833/- pm (Rs. 2.50 lakh per year) AND detailed comparison (calculation) of interest, if monthly contribution paid is more than this amount (Rs. 20,833/-)
13. Detail study on Hon’ble Supreme Court Judgement of 28th Feb 2019 for Basic Wages for PF

EMPLOYEES’ STATE INSURANCE ACT, 1948

1. How to count 10 persons for applicability of ESI Act, as per recent amendments under ESI Act for Shops and Establishment in Maharashtra State?
2. ESIC: - Documents for Registration / obtaining Code Number.
3. What is the increased coverable limit of ESI w.e.f from 1st January 2017?
4. Detail study of various benefits under the ESI Scheme (Total of 10 Benefits)
5. ESI is applicable on which Salary/wages component?
6. Which allowances are excluded under ESIC?
7. Under the ESI Act, how many weeks, of maternity benefits are payable?
8. Under the ESI Act, how many weeks of benefits for miscarriage are payable?
9. ESI dues payment has to be made on or before which date?
10. What is the Interest and Damages rate for delayed payment of contribution?
11. Whether Covid-19 (Corona Virus Disease) is covered under the ESI Act?
12. Unemployment benefit - payable under the ESI Act? & When?
13. Whether voluntary coverage under possible under ESI?
14. ESI Covered Employees after retirement – what are the eligibility criteria?
15. Whether ESIC Act is Applicable after attaining 65 years of age.
16. An employee covered under ESIC has expired at his residence (natural death) whether his family members are entitled to Funeral expenses & Pension also?
17. Whether ESI is applicable on Conveyance or Travelling Allowance?

Payment of Gratuity Act, 1972

1. When Gratuity is applicable and payable?
2. How to calculate payment of gratuity?
3. Gratuity is payable on which components of salary?
4. What is the maximum limit under the Gratuity Act, for which Income tax exemption can be claimed?
5. Does whether Employer can pay more amount of Gratuity than prescribed under the Act? If yes under what circumstances?
6. If the monthly salary is Rs. 1.50 Lac (Basic + DA) then whether gratuity is payable?
7. When Gratuity is Payable and forfeited?

The Payment of Bonus Act, 1965

1. Bonus is payable on which components of salary?
2. Minimum number of attendances required for eligibility of bonus.
3. Bonus is Payable on Rs. 7,000/- or minimum wages under schedule employment when Basic + DA is Rs. 25,000/-
4. Whether monthly Bonus is payable under the Bonus Act? If yes, then how?
5. What is the salary/wages (Basic + D.A) limit and what amount Bonus is calculated?
6. Is there a limit for ex-gratia payments? Is it compulsory?
7. What is the last date of payment of the Bonus for the year April 2020 to March 2021?
8. Which register is to be maintained under the Payment of Bonus Act?
9. Whether annual return under Payment of Bonus Act, has to be filed, if yes, what will be formed no.?

Key Takeaways

The Live Online Session will cover the KEY POINTS of various Labour Law acts

Participation Fees

Who Should Attend / Target Audience

Venue

Microsoft Teams

Coordinator