Tag: PF Contribution

Threshold limit of tax-free interest on PF contribution is now Rs...

In the 2021-22 Budget, it was announced that the interest earned on the provident fund contribution by employees and employers will be tax free...

Budget 21: What HR feels about the measures announced

On Feb 1, Union Finance Minister Nirmala Sitharaman announced the budget for the year 2021. A lot of emphasis has been put on reviving...

‘Basic wages’ masked as ‘allowances’ will be considered for PF contribution

The Supreme Court of India yesterday passed a path-breaking judgment, which ruled that ‘special allowances’ were actually part of the basic pay but only...

EPFO considers reduction in PF contribution

The agenda for lowering the rate of contribution from the present 12 per cent to 10 per cent was considered, in a meeting of the Central Board of Trustees (CBT) and Employees’ Provident Fund (EPF).

Increase in retirement age to 64 is unalterable: French Labour Minister 

On February 1, 2023, the French Labour Minister, Oliver Dussopt, declared that the increase in retirement age to 64 is unalterable. This statement came...

Latest

IBM misses cash target, axes 3,900 jobs

IBM is gearing to axe 3,900 jobs as part of an asset divestment exercise. The Company has been unable to achieve its cash target...

Chinese crane manufacturer distributes Rs 70 crore as bonus

A Chinese company sparked controversy by piling up 61 million yuan (around $9 million) in banknotes on a stage and giving it to employees...

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

OLX, Intel, Impossible Foods, and Philips layoff globally

Intel is cutting 340 jobs at its Folsom, California campus, as informed to state and local officials.   The layoff is announced due to a ‘challenging...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...