Labour Law Compliance in India

  Here Our Must-Have Statutory  Compliance Calendar for March 2013 .

  The revised minimum wage for shops and establishments in Maharashtra is effective from 1st January 2023 and employers are advised to pay arrears based on the notification attached. The total per month column mentioned  includes Basic and VDA only, but the HRA component may be used for arriving at overall wages

  The Government of Karnataka , vide Notification No. DES/SIP/PWX/06/2023, released the enhanced consumer price index for 2023 for calculating the variable dearness allowance effective from 1st April 2023 till 31st March 2024.

  Find the answers for Frequently Asked Questions (FAQs) about the  new Labour Codes  and their implementation from our experts!

  Plan your year with ease! Get the official, accurate and latest  Karnataka ANNUAL HOLIDAYS  CALENDAR — 2023 released by the State Govts. only on Simpliance. View & FREE download Now for all states of India!

  The employees covered under the various schemes of the Act are entitled for the following benefits Employees can take advances or make withdrawals*. PF amount of a deceased member is payable to the nominees or legal heirs. The employer not only contributes towards the PF but also makes the necessary contributions towards the employee’s pension which can be used by the employee post-retirement Under the EDLI Scheme employees are properly insured in order to avail the lump sum benefit at the time of death while in service. EEE (Exempt, Exempt, Exempt) tax benefit under the Income Tax Act enables tax-free returns for the employees. Employees receive special benefits in the form of added income to their savings in the form of interest. PF account can be transferrable if any member changes employment from one establishment to another where such Provident Fund scheme is applicable. Read more about the benefits of  Provident Fund

  As per the Indian Constitution, ‘Minimum Wage’ has been defined as the level of income for skilled and unskilled workers which ensures a sustaining standard of living while also providing for some measure of comfort. A minimum wage not just supports the bare level of employment, but also seeks for viable continuous improvement. It aims at preventing exploitation of labour. Indian states are raising their minimum wages in 2023. Check out the latest state wise  minimum wages  by Simpliance.

  Simpliance's intelligent compliance engine consolidates and auto-configures all Central and State laws. It schedules recurring compliances in a single unified cloud platform. Real-time labour law compliance monitoring tool with auto-configuration and recurring activities, evidence management, scores, and email alerts.

  Labour welfare fund is a statutory contribution managed by individual state authorities. The state labour welfare board determines the amount and frequency of the contribution. What is Labour Welfare Fund? Labour welfare is an aid in the form of money or necessities for those in need. It provides facilities to labourers in order to improve their working conditions, provide social security, and raise their standard of living. To justify the above statement, various state legislatures have enacted an Act exclusively focusing on welfare of the workers, known as the Labour Welfare Fund Act. The Labour Welfare Fund Act incorporates various services, benefits and facilities offered to the employee by the employer. Such facilities are offered by the means of contribution from the employer and the employee. However, the rate of contribution may differ from one state to another. Scope of Labour Welfare Fund Act The scope of this Act is extended to housing, family care & worker's heal