The Employee Provident Fund Organisation (EPFO) has sent a proposal to the labour ministry to increase the salary limit for paying employee provident fund (EPF) to Rs 10,000 from the current Rs 6,500.
It has also proposed covering companies with a minimum of 10 employees under the Employee Provident Fund and ...
Archive for November, 2009
Written by Administrator on November 8th, 2009
Written by Administrator on November 6th, 2009
In a few months' time the taxman will coming knocking on your door. However, he cannot tax you on the following 14 important items of income and receipts, as they are fully exempt from income tax and which a resident individual Indian assessee can use with profit for the purpose ...
Written by Administrator on November 4th, 2009
Ministry of Personnel, Public Grievances & Pensions has issued an OM stating thatthe deputation (duty) allowance shall be restricted as under: "Basic pay, from time to time, plus Deputation A llowance should not exceed the maximum of the pay band PB-4 (Rs. 67000) plus the grade pay of the post ...
Written by Administrator on November 3rd, 2009
The government will not sanction leave travel allowance for an employee who uses personal car or taxi as mode of transport.
However, the rule shall not be applicable to employees with a handicap or disability of self or dependent family member.
According to a government notification, the employees can avail the LTA ...
