Skip to main content

RS Clears Maternity Act Update; Women to Get 26-Week Leave

Amendments to help 1.8 million women in the organised sector; Bill will now go to the Lok Sabha
The Rajya Sabha on Thursday passed the amendments to the Maternity Benefit Act that seeks to provide 26 weeks of maternity leave to working women and 12 weeks to commissioning mothers and introducing an enabling provision of “work from home“ for nursing mothers.
The Union Cabinet chaired by Prime Minister Narendra Modi gave its ex post facto approval to the bill on Wednesday. The provisions are applicable to all establishments employing 10 or more people. The amendments will help about 1.8 million women in the organised sector, the Cabinet had said.
The bill will now go to the Lok Sabha, where the government enjoys a majority, and after its passage in the lower house and presidential assent, the changes will be notified by the labour ministry, making them formal.
As per the proposed amendments, maternity leave for women working in both private and public sector will be enhanced to 26 weeks from the current 12 weeks. However, women who already have two or more children will get only 12 weeks.
The bill proposes 12 weeks of maternity leave to commissioning mothers who use surrogates to have a child, as well as to working women adopting a baby below the age of three months.
Additionally, it has a provision that seeks to allow nursing moms to work from home even after 26 weeks of maternity leave, depending upon their job profile.
The work-from-home option will be available where the nature of work assigned to the employee permits her to do so. The woman employee and her employer have to mutually agree on the duration of the arrangement.
The woman-friendly measures also include making it mandatory for firms with 50 employees to have crèches individually or in arrangement with a few firms within a prescribed distance. The employer will have to allow the employee to visit the crèche four times daily that will include the interval of rest allowed to woman employees.
“This initiative would be a good step towards finding solutions to retain female employees and simultaneously it would also be a strengthening move towards increased return to work post-maternity and greater employee retention in the long run,“ said Vinita Bimbhet, president, Ficci Ladies Organisation.
The government feels the maternal care to the child during early childhood is crucial for the growth and development of the child.
The Economic Times New Delhi,12th August 2016

Comments

Popular posts from this blog

New income tax slab and rates for new tax regime FY 2023-24 (AY 2024-25) announced in Budget 2023

  Basic exemption limit has been hiked to Rs.3 lakh from Rs 2.5 currently under the new income tax regime in Budget 2023. Further, the income tax slabs in the new tax regime has been changed. According to the announcement, 5 income tax slabs will be there in FY 2023-24, from 6 income tax slabs currently. A rebate under Section 87A has been enhanced under the new tax regime; from the current income level of Rs.5 lakh to Rs.7 lakh. Thus, individuals opting for the new income tax regime and having an income up to Rs.7 lakh will not pay any taxes   The income tax slabs under the new income tax regime will now be as follows: Rs 0 to Rs 3 lakh - 0% tax rate Rs 3 lakh to 6 lakh - 5% Rs 6 lakh to 9 lakh - 10% Rs 9 lakh to Rs 12 lakh - 15% Rs 12 lakh to Rs 15 lakh - 20% Above Rs 15 lakh - 30%   The revised Income tax slabs under new tax regime for FY 2023-24 (AY 2024-25)   Income tax slabs under new tax regime Income tax rates under new tax regime O to Rs 3 lakh 0 Rs 3 lakh to Rs 6 lakh 5% Rs 6

Jaitley plans to cut MSME tax rate to 25%

Income tax for companies with annual turnover up to ?50 crore has been reduced to 25% from 30% in order to make Micro, Small and Medium Enterprises (MSME) companies more viable and also to encourage firms to migrate to a company format. This move will benefit 96% or 6.67 lakh of the 6.94 lakh companies filing returns of lower taxation and make MSME sector more competitive as compared with large companies. However, bigger firms have shown their disappointment since the proposal for reducing tax rates was to make Indian firms competitive globally and it is the large firms that are competing globally. The Finance Minister foregone revenue estimate of Rs 7,200 crore per annum for this for this measure. Besides, the Finance Minister refrained from removing or reducing Minimum Alternate Tax (MAT), a popular demand from India Inc., but provided a higher period of 15 years for carry forward of future credit claims, instead of the existing 10-year period. “It is not practical to rem

Don't forget to verify your income tax return in August: Here's the process

  An ITR return needs to be verified within 120 days of filing of tax return. Now that you have filed your income tax return, remember to verify it because your return filing process is not complete unless you do so. The CBDT has reduced the time limit of ITR verification to 30 days (from 120 days) from the date of return submission. The new rule is applicable for the returns filed online on or after 1st August 2022. E-verification is the most convenient and instant method for verifying your ITR. However, if you prefer not to e-verify, you have the option to verify it by sending a physical copy of the ITR-V. Taxpayers who filed returns by July 31, 2023 but forget to verify their tax returns, will get the following email from the tax department, as per ClearTax. If your ITR is not verified within 30 days of e-filing, it will be considered invalid, and may be liable to pay a Late Fee. Aadhaar OTP | EVC through bank account | EVC through Demat account | Sending duly signed ITR-V through s