Amit K Gupta & Associates

Amit K Gupta & Associates Hello Friends
we are the firm of Company Secretaries engaged in the work related to Companies Act, DGFT, Service Tax, Trade Mark etc.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW

Compliance Becomes Easier – Single Registration & Single Return

Instead of multiple registrations under old laws → now single registration, single licence, single return.

Reduced registers: 84 → 8.
This promotes ease of doing business and reduces unnecessary paperwork.

Why This Matters

These reforms make India’s labour system modern, transparent, and future-ready — protecting workers while giving industries the flexibility to grow.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW

Preventive Healthcare Introduced

Mandatory free annual health check-ups for workers aged 40+.
Promotes early diagnosis & reduces long-term health risks.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW

Gratuity Becomes More Employee-Friendly

Fixed-term employees now get gratuity after 1 year (earlier 5 years).

Since Basic Pay is now 50%, gratuity amounts will naturally increase.
This strengthens long-term financial protection.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW
Gig & Platform Workers Recognised for the First Time

Definitions introduced for gig workers, platform workers & aggregators.

Aggregators must contribute 1–2% of turnover to a Social Security Fund.

Aadhaar-linked Universal Account Number for benefit portability.
This gives gig workers (like delivery, ride-hailing, freelancers) formal social security for the first time.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW
Women Workforce Participation Strongly Boosted

Women can now work in all sectors & night shifts with safety, consent, and transport arrangements.

Mandatory equal pay for equal work.

Creche facility for establishments with 50+ employees, open for both male & female employees.
Stronger inclusion → more opportunities → higher incomes for women.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW

Women Workforce Participation Strongly Boosted

Women can now work in all sectors & night shifts with safety, consent, and transport arrangements.

Mandatory equal pay for equal work.

Creche facility for establishments with 50+ employees, open for both male & female employees.
Stronger inclusion → more opportunities → higher incomes for women.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW

Timely Wages & Minimum Wage for All

Minimum wage now applies to all sectors, not only scheduled industries.

Wages must be paid on time — no delays allowed.

Introduction of National Floor Wage ensures no worker is paid below the minimum living standard.
This directly improves financial security for workers.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW

Working Hours Standardised – 8 Hours/Day, 48 Hours/Week

Maximum working hours: 8 hrs/day and 48 hrs/week.

Flexible formats:
4-day week (12 hrs/day)
5-day week (9.5 hrs/day)
6-day week (8 hrs/day)

Overtime must be paid at 2x wages and done only with the employee’s consent.
This ensures work–life balance with fair compensation.

01/12/2025

NEW LABOUR CODES – WHAT EVERY EMPLOYEE & EMPLOYER MUST KNOW


Increase in Basic Pay (50% Rule) – Impact on Salary & PF

Under the new definition of wage, Basic Pay + DA must be at least 50% of total CTC.

Impact:
Higher PF contributions (Employer + Employee).
Slight decrease in in-hand salary for many employees.
But higher long-term benefits — bigger PF corpus, better gratuity, and stronger retirement security.
This is one of the biggest structural changes in take-home vs. long-term wealth.

28/06/2024

In our continuous endeavour to serve you better, the Ministry of Corporate Affairs is launching third set of Company Forms covering 9 forms [MSME, BEN-2, MGT-6, IEPF-1, IEPF-1A, IEPF-2, IEPF-4, IEPF-5, IEPF-5 e-verification report] on 15th July 2024 at 12:00 AM. To facilitate implementation of these forms in V3 MCA21 portal, stakeholders are advised to note the following points: (1) Company e-Filings on V2 portal will be disabled from 04th July 2024 12:00AM. (2) All stakeholders are advised to ensure that there are no SRNs in pending payment/pending for investor details upload/Resubmission status. (3) Offline payments for the above 9 forms in V2 using Pay later option would be stopped from 01st July 2024 12:00 AM. You are requested to make payments for these forms in V2 through online mode (Credit/Debit Card and Net Banking). (4) In view of the upcoming launch of 9 Company forms, V3 portal will not be available from 13th July 20204 12:00 AM to 14th July 2024 11:59 pm. (5) V2 Portal for company filing will remain available for all the V2 forms excluding above mentioned 9 forms. Stakeholders may plan accordingly.

CLAIM CSR EXPENSES U/S 80G.
21/06/2024

CLAIM CSR EXPENSES U/S 80G.

20/03/2024

"Avail the GST Composition Scheme for FY 2024-25 and Simplify Your Tax Structure"

The GST Composition Scheme is a simplified tax structure available for eligible taxpayers with an annual turnover of up to Rs 1.5 crore (Rs 75 lakhs for special category States). This scheme allows taxpayers to pay a fixed percentage of their turnover as GST, instead of the regular GST rates.

To avail of the GST Composition Scheme for the financial year 2024-25, existing GST taxpayers need to submit their application by March 31, 2024. By opting for this scheme, taxpayers can simplify their tax compliance requirements and enjoy certain benefits like reduced tax liability. (copied)

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#24, Ganpati Handloom Market, Opp L K Honda, Gohana Road
Panipat
132103

Telephone

9466634791

Website

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