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May 2023

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NOTIFICATIONS
- Leave encashment tax benefit limit revised from 3 lakhs to 25 lakhs effective 1st April 23
- EPFO circular dated 9.5.23 regarding validation joint option – Higher Pension
- EPFO provided delete facility while applying for higher pension online if want to correct errors and submit fresh application
- For employees found eligible for higher pension, employer contribution is increased to 9.49%
- Provisions related to rate of PF Contribution under social security code 2020 enforced from 3.05.2023
- EPFO extends date for filing higher pension applications
- Revised Haryana Minimum Wages from 1.01.2023
- Goa Factories Amendment Act 2023
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