Minimum Wage

Recent Amendments And Notifications In July 2024 Affecting Employers And Payroll Calculation! SGC Regulatory Bulletins

CA Nikhil GuptaComments Off on Recent Amendments And Notifications In July 2024 Affecting Employers And Payroll Calculation! SGC Regulatory Bulletins

SGC Services, Payroll Company [NOIDA, India] – Please be advised of the recent amendments and notifications affecting employers and payroll calculation in July 2024 onwards.

As we move into August 2024, there are several important amendments and notifications that employers need to be aware of when it comes to payroll calculations and compliance. These updates have been put in place to ensure fair treatment of employees and to streamline processes in various states across India. Let’s take a look at some of the key changes that have been implemented:

Please find attached the Regulatory Bulletin for the month of July 2024, which includes the following updates:

  1. Amendment notification under the Tamil Nadu Shops and Establishments Rules, 1948

  2. Multiple Notifications under the Tamil Nadu Shops and Establishments Act

  3. Clarification regarding Correction in Date of Birth of Insured Persons and their Family Members/Dependents in ESI

  4. Employers to obtain a valid insurance policy within six months under the Karnataka Compulsory Gratuity Insurance Rules, 2024

  5. Notification regarding the monthly deposit of Labour Welfare Fund in Haryana

  6. The Assam Minimum Wages Notification, December 2023

  7. The Andaman and Nicobar Minimum Wage Notification, July 2024

  8. Notification on the exemption of 365 days opening of establishments under the Punjab Shops and Commercial Establishments Act

  9. The West Bengal Minimum Wages Notification, July 2024

  10. The Punjab Minimum Wages Notification, March 2024

  11. The Odisha Minimum Wages Notification, Basic Revision 2024

  12. The Kerala Minimum Wages CPI Notification, May 2024

  13. Notification of the Maharashtra Shops and Establishments Regulation of Employment and Conditions of Service Amendment Rules, 2024

  14. Strict verification and scrutiny of documents for Super Specialty Treatment (SST) cases in ESI

  15. Circular regarding the removal of the Aadhaar card from the list of acceptable documents for proofs of date of birth in ESI

Thanks.

#TeamSGC #SGCSERVICES #PayrollOutsourcing

Visit us: www.sgcservices.com

Regulatory Bulletin_Jul’2024.pdf

Annexures.zip

CA Nikhil Gupta

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