Archive for April, 2017
April is a relaxed month for payroll folks like us. A much needed quiet period after the hustle and bustle of the last quarter (Jan to Mar) when we put in significant efforts for year-end activities such as investment proof scrutiny and income tax finalization. Pouring over rent receipts, home-loan interest certificates, leave travel bills […]
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Leave a Comment (6) →In the budget for FY 2017-18, the Government of India introduced a proposal which reduces the extent to which loss from house property can be set off against other income including salary income. There seems to be confusion in the minds of some people as to how this proposal limits the tax benefit. The fact […]
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Leave a Comment (37) →The Ministry of Labour and Employment has reduced the PF administrative charges with effect from 01-Apr-2017. You can read the gazette notification here. The highlights of the notification are as follows. 1. The EPF administrative charge shall be 0.65% of the total PF wage from 01-Apr-2017. The earlier administrative charge was 0.85% (until 31-Mar-2017). Consequently, […]
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