Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!
Announcement: Maharashtra State Labor Welfare Fund Contribution amount changes now available
Maharashtra State Labor Welfare Fund Contribution amount changes is now available in My Oracle Support.
Patch Information
Release 12.2: 36476187:R12.PAY.C
This patch delivers updates on top R12.2.HRMS RUP 16 in 12.2.
Please be sure to carefully go through all the readme's before beginning to install this patch.
Maharashtra State Labor Welfare Fund Contribution amount changes
Employees need to contribute Rs.25/- twice a year to Labor Welfare Fund. Employers also need to contribute Rs.75/- for each Employee twice a year. This contribution happens in June and December. With latest changes, all Employees need to contribute same amount irrespective of their wages.