Highlights of financial bill 2017

In this post, we will be discussing the highlights of financial bill 2017.The much awaited and debated Budget 2017 was presented today by Honorable Finance Minister Shri. Arun Jaitley amid much speculation after the Demonetization.While terming it as high on reforms in terms of getting a larger volume of assesses under tax bracket, the budget also

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ESI wage ceiling increased to Rs. 21,000

The ESIC had issued a draft law  in the month of October which had increased the ESI wage ceiling limit to Rs. 21,000. After considering the suggestions and objections from the affected persons, the ESIC has made the final decision about increaing the wage ceiling limit to Rs. 21000 from the month of January, 2017. The official notification can b

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Electronic Challan Return, ECR 2.0

In order to reduce the complication present in the existing ECR portal and to ease the process, the EPFO has been planning to revise the existing ECR format and the ECR filing portal. The new ECR file format will be having only 11 fields, as opposed to the previous 25 fields, and this new version will be called ECR 2.0. The new ECR portal will rep

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