Payroll and Compliance - The Monthly Chronicle
The income tax return filing date for individuals has been extended to 31st August 2018. (Earlier the due date was 31st July 2018)
Please find the official notification attached: https://www.caclubindia.com/editor_upload/notification_itr_july.pdf
Currently, the EPF Scheme 1952 allows withdrawal of accumulated provident fund after two months from the date of cessation of employment of the member. Also, the subscriber needs to contribute to his PF account consecutively for at least 10 years to become eligible for pension; if the account is closed prematurely, the subscriber may not remain eligible for pension.
The Provident Fund department has provided an added benefit for the withdrawal scheme. Now, the PF subscriber who has resigned from their job can withdraw up to 75% of his or her total accumulated provident fund value after one month from the date of cessation of service, to meet their monthly financial commitments. Members will continue to have the option of withdrawing the entire amount, if they want to close the account, after two months if the person is still unemployed.
A large number of challan deletion requests are coming through the employer for ESIC challans. The department has therefore come up with a set of instructions for the same:
After receiving the deletion request in the proper format and within the specified time, the department will start the cancellation process in the prescribed manner, after proper verification of all details and documents.
Further details are in the official notification:
The ESIC department is trying to create awareness among ESIC members about the annual preventive health check-up scheme.
The ESIC department has introduced the annual preventive scheme for Insured Persons (IPs) of the age of 40 years and above. This preventive health check-up includes general clinical examination, and the reports of the tests are uploaded online for future reference of the IP.
The IP can get the benefit at any ESIC-affiliated hospital.
To read further about the annual preventive check-up, please click on the link: http://www.esicoimbatore.org/wp-content/uploads/2018/05/pr1.pdf
|Zone A||Zone B|
|Unskilled||₹ 7,775.00||₹ 7,202.00|
|Semi-Skilled||₹ 8,554.00||₹ 7,920.00|
|Skilled||₹ 9,409.00||₹ 8,713.00|
|Highly Skilled||₹ 10,349.00||₹ 9,586.00|
|₹ 21,001 and ₹ 30,000||169||130|
|₹ 30,001 and ₹ 45,000||429||330|
|₹ 45,001 and ₹ 60,000||858||660|
|₹ 60,001 and above||1,250|
|Due date||Nature of transaction||Existing rules||Mode|
|10th August 18||Andhra Pradesh & Madhya Pradesh||State-wise regulations||By Challan|
|15th August 18||Gujarat||Gujarat PT regulations||By Challan|
|20th August 18||Karnataka||Karnataka PT regulations||By Challan & Online|
|21st August 18||West Bengal||West Bengal PT regulations||By Challan|
|31st August 18||Assam & Orissa||State-wise regulations||By Challan|
|31st August 18||Maharashtra||Maharashtra PT regulations||Online|
|15th August 18||Remittance of Contribution||EPF & MP Act, 1952||Online|
|15th August 18||Remittance of Contribution (Main code and Sub codes)||ESIC Act, 1948||Online|
|7th August 18||TDS Payment for May 18||Income Tax Act, 1961||Online|
|31st August 18||(Extended) Individual Income tax return filing for AY 2018-19||Income Tax Act, 1961||Online|
|Labour Welfare Fund Remittances|
|5th August 18||Kerala (Labour Welfare Fund Act)||Kerala State Labour Welfare Fund||Offline|
Sources: Government Notifications, Circulars, Press releases.
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