Rayon Dsouza

As per the circular dated 22nd November 2024 from the Ministry of Labour & Employment, all employees must activate their Universal Account Number (UAN) and link their bank accounts with Aadhaar to unlock the benefits of the Employment Linked Incentive (ELI) Scheme introduced in the Union Budget 2024-25. Key Action Required by Employers: - Deadline : Complete UAN activation and Aadhaar seeding for all employees who joined this financial year by 30th November 2024 . - How to Activate: Employees can easily activate their UAN and link it with Aadhaar via the EPFO Member Portal using an Aadhaar-based OTP. This step is crucial for employees to access EPFO services, view PF passbooks, make online claims, and receive benefits directly through the Direct Benefit Transfer (DBT) system. Stay compliant and ensure your employees get the benefits.

ESIC has made it mandatory for employers to upload photographs of the Insured Person (IP) and their family members as per the updated guidelines. The photographs must be clear, recent, and under 100KB in size. Without these photos, the IP cannot be registered, and family members cannot be added to the records. Failure to comply may cause issues during the claim process, potentially delaying or preventing claims for the IP. To comply with this requirement, employers should: 1. Collect Photos: Obtain clear, recent photographs of the IP and their family members, ensuring they are under 100KB in size.     2. Update Records: Store the photos in the employee records. 3. Upload to ESIC Portal: Upload the photographs to the ESIC portal to register the IP and add family members. 4. Train Staff: Ensure HR and payroll staff are aware of the new requirements and understand how to implement them. 5. Update Systems: Modify payroll or HR systems to capture, store, and submit ...

As November 30 approaches, employers must prioritize compliance with the Payment of Bonus Act, 1965, especially since it marks the last day to pay bonuses for the previous accounting year. Non-compliance can lead to penalties and harm employer-employee relationships.   1. Key Deadlines I) Bonus Payment Deadline: Bonuses for the accounting year ending March 31, 2024, must be paid by November 30, 2024.   Il) Bonus Return Filing Deadline :   Employers must file the annual return (Form D) under the Act by December 30, 2024, within 30 days of the bonus payment deadline.   2. Eligibility Criteria To qualify for a bonus, an employee must meet the following conditions:   I) Salary/Wage Threshold:      Employees earning ₹21,000 or less per month (basic + dearness allowance).   II) Minimum Work Duration:     The employee must have worked for at least 30 working days during the accounting year....