By admin OnEPF withdrawals have tax implications if drawn before the completion of five continuous years of work. The amount becomes taxable in the withdrawal year.
The primary motivation behind labor laws about employers and employees is to promote a healthy and productive work environment. Employees must receive appropriate earnings, without compromising on their personal life, health, or safety.
The labor laws in India
The labor laws in India uphold the culture across all organizations – private and public.
Some of the laws in India regarding employers and employees in Indian include –
Fair compensation –
Employers must abide by the contract and pay the employees for their services within a stipulated time.
Payment cannot differ for employees based on gender, caste, religion, or social status. Every employee is entitled to fees and bonuses.
Working hours and overtime –
Workers cannot exceed their agreed terms on working hours.
If they do perform overtime work, they should receive suitable compensation for their time and services.
Leave entitlements –
Employees can take a fixed number of leaves regarding medical or personal matters.
Health and hygiene –
Workers are not compelled to work in high-risk areas without suitable protection.
Medical services must be available for work-related cases. Also, the workspace has to be maintained and healthy for the well-being of workers.
Prevention of workplace harassment –
Employees must feel comfortable during work. The company must attend to any incidents of harassment.
Laws mandate the establishment of employee bodies to resolve and prevent any cases.