Tamil Nadu Labour Welfare Fund

Tamil Nadu Labour Welfare Fund Tamil Nadu Labour Welfare Board which is regulated under the Government of Tamil Nadu has proposed the Tamil Nadu Labour Welfare Fund for the welfare of employees and their dependents with a grant of Rs.5…

The Code on Occupational Safety, Health and Working Conditions 2019

The Code on Occupational Safety, Health and Working Conditions 2019 After intense discussions with trade unions, employers and other stakeholders, the Minister of State for Labour and Employment, Shri Santosh Kumar Gangwar presented the Code on Occupational Safety, Health and…

Conveyance Allowance

Conveyance Allowance The income tax computation of a salaried employee is done by their employer for tax deduction purposes. Therefore, it is common for such an employee to not be worried about their salary structure and may have lesser knowledge…

Employee Stock Ownership Plan

Employee Stock Ownership Plan Over the past decade, it is common to see various companies offering shares in the company to their employees. Employee Stock Ownership Plan, or most commonly known as ESOP, refers to a particular employee benefit plan.…

House Rent Allowance (HRA) Calculation

House Rent Allowance (HRA) Calculation House Rent Allowance (HRA) is an amount paid by the employer to his employee as a part of the salary. The purpose of providing house rent allowance is to meet the cost of living in…

Dearness Allowance

Dearness Allowance (DA) India has continuously been experimenting with various measures to curb the effects of rising inflation in the country. Food is the commodity that gets hit the most, and this often has a direct impact on the economy…

Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)

Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) With the ambitious agenda to benchmark wage placement-linked programs upto global standards, the Ministry of Rural Development had launched the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) in the September of 2014. This…

City Compensatory Allowance (CCA)

City Compensatory Allowance (CCA) It is essential for companies to provide the best for its employees in order to retain them against the competitive scenario present now. The apparent and most significant reason for an employee considering a switch is…

Industrial Disputes Act

Industrial Disputes Act The Industrial Disputes Act has come into force in the year, 1947. The Act was enacted to make provisions for the prevention and settlement of industrial disputes and for providing certain safeguards to the workers. The act…

Minimum Wages Act

Minimum Wages Act The Minimum Wages Act, has been enacted by the Central Legislative Assembly from the year 1948. The Act intends to provide for fixing of minimum rates of wages in certain employments. The relevant State government will set…