SGC Services, Payroll Company [NOIDA, India] – Please be advised of the recent amendments and notifications affecting employers and payroll calculation in June 2024 onwards.
As we move into July 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 note the following updates and notifications that will impact employers and payroll calculations starting in July 2024:
- The Maharashtra government has announced a revision in the contributions towards Labour Welfare Fund (LWF).
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Information Technology Enabled Services (ITES) and Information Technology establishments in Telangana have been granted exemption under the Shops and Establishments Act.
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IT, ITES, and other knowledge-based industries in Karnataka are now exempt from the Industrial Employment (Standing Orders) Act, 1946.
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The Kerala government has issued a notification regarding the Minimum Wages based on the Consumer Price Index (CPI) for April 2024.
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Amendments have been made to the Employees’ Deposit Linked Insurance Scheme in 2024.
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The minimum wages in Goa have been updated as per the notification released in April 2024.
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The Gujarat government has introduced new regulations and rules for Private Security Agencies in 2024.
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Rajasthan has granted exemptions for the employment of women during night shifts.
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Shops and commercial establishments in Rajasthan are now allowed to remain closed for one day in a week under the Rajasthan Shops and Commercial Establishment Act, 1958.
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Chandigarh has issued an exemption notification under the Shops and Establishment Act.
Thanks.
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