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Employee Stock Purchase Plan or ESPP

Companies often reward their employees with their stock, either in the form of employee stock option plans (ESOP) or  Restricted Stock Units(RSU), or employee stock purchase plans (ESPP). Under the Employee stock purchase plan or ESPP, the employee has the choice of...

Teenager do Part Time Work? An Indian child worked in McDonald

We want our children to develop into mature, responsible, and productive members of society. One method used, in Western Countries, we have seen in movies and soap operas is teenagers doing part-time jobs. What are the benefits and drawbacks of teenagers working...

What are Casual Leave, Earned Leave, Sick Leave etc?

What are the different types of leaves that an employee in India can avail of?  Employees, across all industries in India, are entitled to a certain number of leaves per year aside from the holidays and days off. The number and type of leave depend on the industry,...

EPF Advance for Medical Emergencies

On 31 May 2021, EPFO has come up with a better process of withdrawing from EPF, while you are working, for medical purposes like emergency hospitalization on account of serious life-threatening diseases including Covid 19. Earlier, EPF scheme rules allowed withdrawal...

How to withdraw from EPF for Coronavirus?

On 1 Jun 2021, EPFO announced that employees contributing to EPF can now avail of a second non-refundable advance from their EPF accounts to meet financial emergencies due to coronavirus. Earlier in 2020,  EPF had announced that an EPF member could withdraw up to  75%...

Maternity Leave :Duration, Wages,Maternity Benefit Act

Maternity leave is the leave from the office when a woman is on leave because she is about to have or has just had (or adopted), a baby. Under the Maternity Benefits Act of 1961, a women employee is entitled to maternity benefits at the rate of her average daily wage...