June 2018

Notification on Applicability Of The Punjab LWF (Amendment) Act, 2014 To Chandigarh

The Central Government has extended Punjab Labour Welfare Fund (Amendment) Act, 2014 to the Union Territory of Chandigarh with effect from 10th April 2018. Furthermore, as per the enforcement of the Punjab LWF (Amendment) Act, the rates of LWF for Chandigarh will be at five rupees per month for employee and twenty rupees per month to be contributed by the employer for every such employee. For more details, please find the attached Regulatory Alert and the notification for your reference.

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Notification on Declaration Of PF Rate Of Interest For EPF Members Account For The Year 2017-18

As per EPFO notification dated 25th May 2018, the EPFO has conveyed the approval of the Central Government via The Ministry of Labour and Employment to credit interest at 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952. For More details, please find the attached Regulatory Alert and Notification.

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