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 […]
Tag: Payroll Outsourcing
How to Implement NPS in Your Company Payroll: A Guide for HR Professionals
The National Pension System (NPS) is an excellent way for employees to save additional tax while planning for their future financial security. By contributing to the NPS, employees can benefit from tax savings and build a robust retirement corpus. This guide aims to help HR professionals understand the process of integrating NPS into the company […]
Goa minimum wages – SGC Services
Please be advised that the minimum wage in Goa has been updated as of April 1st, 2024. The amended rates for all the categories are as below:- GOA SHOPS AND COMMERCIAL ESTABLISHMENTS Minimum Wages Rates S.NO CATEGORY OF WORK Minimum Wages Rates Per-Day (Zone A) (w.e.f 11.08.2023) Per-Day (Zone B) (w.e.f 11.08.2023) Per-Day (VDA) w.e.f […]
Kerala (CPI Index) minimum wages – SGC Services
We would like to inform you that the minimum wages in Kerala based on the CPI index have been revised, effective from April 2024. The amended rates for all the categories are as below:- KERALA Shops and Commercial Establishments Minimum Wages Rates for Cochin w.e.f 1st Dec ‘2016 S.NO CLASS OF EMPLOYMENT Monthly BASIC DA […]
Notification for Maharashtra Labour Welfare Fund (Amendment) Act, 2024 – SGC Services
The Maharashtra Labour Welfare Board has recently issued a public notice as a reminder to all employers in the state to adhere to the amended Labour Welfare Fund (LWF) rates, effective from June 2024. The half-yearly contribution rates have been revised as follows: Per Employee Contribution Rate: Rs 25 Employer’s Contribution Rate per Employee: Rs […]
PF Interest Declared for FY 2023-2024 – SGC Services
In a recent notification issued by the EPFO (Employee Provident Fund Organization) with Notification No INV 11 2 2021 INV 1460 dated 31st May 2024, it has been declared that the rate of interest for the financial year 2023-2024 in the Provident Fund Account maintained with EPFO is 8.25%. This announcement will impact all individuals […]
Revised Uttar Pradesh Minimum Wages – SGC Services
We would like to inform you that the minimum wages in Uttar Pradesh have been revised, effective from 1st April 2024. The amended rates for all the categories are as below:- UP Minimum Wages Rates for Shops and Establishment Effective for the period From 01/04/2024 to 30/09/2024 S.NO Category Basic Dated 01.10.2023 to 31.03.2024 (Total […]
Recent Amendments And Notifications In April 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 April 2024. It is important to stay informed about the changes in labor laws and regulations. Attached is the Regulatory Bulletin for April 2024, which includes updates such as the collection of Labour […]
Kerala (CPI Index) minimum wages – SGC Services
Please be advised that the minimum wages in Kerala based on the CPI index have been revised as of March 2024. The amended rates for all the categories are as below:- These rates are applicable to all industries and establishments in Kerala. Employers are required to ensure that their workers are paid at least the […]
Recent Amendments and Notifications in March 2024 Affecting Employers – SGC Regulatory Bulletins
SGC Services, Payroll Company [NOIDA, India] – We would like to bring to your attention the recent amendments and notifications that have been issued in March 2024. Stay up to date with the latest changes in labor laws and regulations with our comprehensive list of amendments and notifications issued in March 2024. From minimum wage […]
Andhra Pradesh minimum wages – SGC Services
This is to inform you that the Minimum wages in Andhra Pradesh has been revised with effect from 01st April 2024. The amended rates for all the categories are as below:- ANDHRA PRADESH SHOPS AND COMMERCIAL ESTABLISHMENTS Notification issued vide G.O.Ms.No.116, LET&F (Lab.II) Dept., dt:07-12-2007 Published in Gazette No.705 , dated 19-12-2007 Wages Linked at […]
West Bengal Professional Tax Return filing date extension – SGC Services
The West Bengal government has announced an extension of the deadline for filing returns in Form III under section 6 of the West Bengal State Tax on Professions, Trades, Callings, and Employments Act 1979 for the financial year ending on March 31, 2024. For the period mentioned below, the date is extended as specified in […]
Gujarat (Special Allowance) Revised Minimum wages – SGC Services
SGC Services [NOIDA, India] – We would like to inform you that the minimum wages in Gujarat, including the special allowance, have been revised as of April 1st, 2024. The amended rates for all the categories are as below:- GUJARAT ANY SHOPS OR COMMERCIAL ESTABLISHMENT MINIMUM WAGES RATES Sr.NO Classes of Employees Rates payable per […]
Kerala (CPI Index) minimum wages – SGC Services
SGC Services [NOIDA, India] – This is to inform you that the Minimum wage in Kerala (CPI Index) has been revised with effect from February’2024. The amended rates for all the categories are as below:- KERALA Shops and Commercial Establishments Minimum Wages Rates for Cochin w.e.f 1st Dec ‘2016 S.NO CLASS OF EMPLOYMENT Monthly BASIC […]
Bihar Revised Minimum Wages – SGC Services
SGC Services [NOIDA, India] – We would like to inform you that the minimum wages in Bihar have been revised, effective from 01st April 2024. The amended rates for all categories are as follows: The amended rates for all the categories are as below:- BIHAR SHOPS AND COMMERCIAL ESTABLISHMENTS Rates w.e.f 01/04/2024 S.NO Category of […]
Parliament Elections – Notification for paid holiday – SGC Services
Employers: The Election Commission of India has released a circular stating that all eligible employees must be given a paid holiday on the day of polling for the upcoming General elections to Lok Sabha 2024 and Bye elections of various States. This is in accordance with Section 135B of the Representation of People Act 1951. […]
SGC Services Achieving SOC 1 Type 2 certification – 2023 – 2024 – Report
We are thrilled to announce that SGC Services Private Limited has successfully completed the rigorous procedures set forth by the American Institute of Certified Public Accountants (AICPA) to achieve SOC 1 Type 2 certification. This certification covers the period from April 1, 2023, to January 31, 2024, and demonstrates our commitment to maintaining the highest […]
Telangana Minimum Wages – SGC Services
The Minimum wages in Telangana has been revised with effect from 01st April 2024. The amended rates for all the categories are as below:- TELANGANA – SHOPS AND COMMERCIAL ESTABLISHMENTS Minimum Wages and VDA payable from 01-04-2024 to 30-09-2024 S.No. Name of the Category Basic Wage VDA Total Wage COMMERCIAL ESTABLISHMENTS Zone-I Zone-I Zone-I 1 […]
Madhya Pradesh Minimum Wages – SGC Services
The Minimum wages in Madhya Pradesh has been revised with effect from 01st April 2024. The amended rates for all the categories are as below:- MADHYA PRADESH SHOPS AND COMMERCIAL ESTABLISHMENTS Minimum Wages Basic Wages VDA Total Wages Category Basic Wages VDA Total Wages Per Month Per Day Per Month Per Day Per Month Per […]
Notification for Maharashtra Labour Welfare Fund (Amendment) Act, 2024 – SGC Services
This is for your information, The Government of Maharashtra has published the attached notification, thereby notifying the Maharashtra Labour Welfare Fund (Amendment) Act, 2024. Under this amendment, the LWF rates in Maharashtra have been changed from Rs.12 and Rs.36 for Employee and Employer to Rs.25 and Rs.75 respectively with immediate effect. For more details and […]