According to the announcement made in the budget for taxing EPF, according to the announcement made in the budget (Budget 2021), to invest more than two and a half lakh rupees, the tax will only be on the employee’s contribution.
According to the announcement made in the budget for taxing EPF, according to the announcement made in the budget (Budget 2021), to invest more than two and a half lakh rupees, the tax will only be on the employee’s contribution. This information was given by the Union Labor Secretary during the conversation. On this occasion, he said that the contribution from the company will not come under its purview or there will be no burden on it. Also, EPF and PPF cannot be added for a discount. The government has taken this decision because of the large investment made by high-paid people and the increase in spending on interest. According to the Labor Ministry, only one lakh 23 thousand shareholders out of 6 crore will be affected by these new rules.
No proposal for increase in pension No proposal for increase in pension
On the question of increase in minimum EPF pension, the Labor Secretary said that no proposal had been sent to the Finance Ministry. The proposals which were sent by the Ministry of Labor and Employment have been included in the Union Budget. Labor organizations have long been demanding to increase the monthly minimum pension of EPF. He argues that in the name of social security, the government is paying a minimum pension of Rs 2000 or more monthly while EPFO shareholders are getting very less pension despite paying the share.
Under the new labor law, you will get three holidays in a week You will get three holidays in a week
The government is going to make many major changes under the new labor laws. Under the new law, you can be discharged three days a week. On Monday, giving information about the announcements for the Ministry of Labor in the budget, the Labor Secretary said that the Central Government has four working days a week and three with it Day is preparing to offer a holiday option with salary.
Week Week will be decided based on hours of work
According to the labor secretary, this option will also be put in the labor code rules of the new labor code, in which the company and employees can decide by mutual agreement how many days of work to do in a week. Under the new rules, the government has included increasing the working hours to 12. The maximum limit for a week of working hours is 48, so the scope of working days can be reduced from five.
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