ESI Limit enhanced to 15000 wef 01-05-2010-Notification

To be published in the Gazette of India. Part Il, Section 3, Sub-Section (i)]

GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

New Delhi, th~~ril, 2010

NOTIFICA TION

G.S.R. (E)- The following draft rules further to amend the Employees' State Insurance (Central) Rules, 1950 were published as required under sub-section(l) of section 95 of the Employees' State Insurance Act, 1948 (34 of 1948) in the notification of the Government of Indian in the Ministry of Labour & Employment vide No. G.S.R.164(E), dated the 26th February, 2010, in the Gazette of India, Part Il, Section 3, Sub-section (i), dated 27th February, 2010 for inviting objections and suggestions from all persons likely to be affected thereby till the expiry of the period of thirty days from the date on which the copies of the Gazette of India in which the said notification was published, were made available to the public;

And whereas the copies of the said Gazette were made available to the public on 27th February, 2010; And whereas, objections and suggestions received from persons likely to be affected thereby have been considered by the Government;

Now, therefore, in exercise of powers conferred by section 95 of the Employees' State Insurance Act, 1948, the Central Government, after consultation with Employees' State Insurance Corporation, hereby makes the following rules further to amend the Employees' State Insurance (Central) Rules, 1950, namely:-

1. These Rules may be called the Employees' State Insurance (Central) Amendment Rules, 2010. 2. These shall come into force from the l " day of May, 2010. 3. In the Employees' State Insurance (Central) Rules, 1950, in Rule 50, for the words "ten thousand", wherever they occur, the words "fifteen thousand" shall be substituted.

[F. No. S-38025/04/2010 -SS-I]

~~

S.D. XAVIER

Under Secretary

~~_I.

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Shortcut key for AutoSum in Excel

The most commonly used formula in any spreadsheet depending upon various application, is to sum up the total of the adjacent cells. AutoSum is the handy tool for this situation.

What is AutoSum? AutoSum is a simple mathematical formula to display the total sum of the neighboring cells. Excel chooses these cells automatically based on the ideal usage of the position of the result. AutoSum first checks if there is any continuous group of cells which has numbers above the result cell for its range, then it checks to the left side of the result cell. But the range of cells that are included for the calculation can be reselected manually by dragging if it's wrong.

How to use AutoSum?

In Excel 2003, you can use the AutoSum symbol (which is a sigma sign) from the toolbar and In Excel 2007, you can find the AutoSum function in the Editing section (which is on the far right side) under Home tab.

Keyboard Shortcut to AutoSum in Excel

But you can always use the keyboard Shortcut, ALT + = to do the AutoSum. This tip comes very handy if most of your daily calculations depend on addition of values.

Quick Tip: AutoSum can be used not only when the values are adjacent to the result cells, but even if it's randomly displayed. All that you have to do is, press ALT+= in the cell where you want the result to be displayed and while holding the CTRL key click all the cells that you want to be included in the result.

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Butterfly Life Cycle

Term of the Day: Hidden Taxes

Hidden Taxes

What Does it Mean? Taxes that are indirectly assessed upon consumer goods without the consumer's knowledge. Hidden taxes are levied upon the goods at some point during the production process and therefore raise the cost of the goods sold. However, this tax is never revealed directly to the consumer, who simply pays a higher price for the good, not knowing that part of that price is due to this tax.

Tax Avoidance

Tax Avoidance

What Does it Mean? The use of legal methods to modify an individual's financial situation in order to lower the amount of income tax owed. This is generally accomplished by claiming the permissible deductions and credits. This practice differs from tax evasion, which is illegal.