As per EPFO notification dated 25th May 2018, the EPFO has conveyed the approval of the Central Government via The Ministry of Labour and Employment to credit interest at 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952.
Chennai Municipal Corporation has revised the professional tax for the year 2018 – 19 and this revised slabs has to be remitted to the corporation once in six months (i.e. 30th September 2018 and 31st Mar 2019) since this revised rates are applicable from 1st of April 2018 onwards.
The Ministry of Labour and Employment Department in consultation with central board has revised the administrative charges from 0.65% to 0.50% with effect from 1st June, 2018 under Employees Provident Funds Scheme.
Haryana State has revised the Minimum Wages for category of employees covered under, ”Haryana Shops and Establishment Act” and this is effective from 01st January, 2018.
The Labour Department of Delhi by way of a notification dated 9th August, 2017 has issued the draft Minimum Wages (Delhi) Amendment Act, 2017.
Orissa State has revised the Minimum Wages for the category of employees covered under, ”Orissa Shops and Establishment Act” and this is effective from 01st April, 2018.
Karnataka Labour Department declared that all Shops, Commercial Establishments, Factories and other Shops to be provided with Paid Leave on account of State Election which is on 12th May 2018.