Difference in Salary Amounts between Part A and Part B of Form 16
The Income Tax Department notified a new format, comprising Part A and Part B, for Form 16 in 2013. As...
Read more7 Traits of Great Payroll Professionals
Let us face it: payroll management is a thankless job. When was the last time you thanked payroll folks in...
Read moreCompensation structuring should be in line with tax law
Compensation structuring with a view to minimizing tax in the hands of employees is not a bad thing. However, we...
Read moreShould Service Tax be Calculated on Notice Period Recovery?
Recently, we received a question from an organization known to us. Should we be calculating Service Tax on notice period...
Read moreBase days for monthly salary calculation
Recently, we received a question from an HR manager, “Do we pay salary for the total number of calendar days...
Read moreRecent PT Amendments in Karnataka and Maharashtra
Effective April 2015, the state authorities in Karnataka and Maharashtra have introduced amendments to Profession Tax. Karnataka 1. Profession Tax...
Read moreSBI Lending Rates for Loan Perquisite Calculation – 2015-16
State Bank of India (SBI) has published the reference lending rates for the purpose of loan perquisite calculation for the...
Read moreBudget FY 2015-16 – Tax on Salary
A new tax year has begun and it is time to start implementing the budget proposals related to tax on...
Read moreTamil Nadu Labour Welfare Fund Contribution Hiked Effective Jan 2015
As per a recent gazette notification issued by the government of Tamil Nadu, the Labour Welfare Fund (LWF) contribution has...
Read moreRounding off salary while calculating TDS
I draw your attention to Point e under “Certain essential points regarding the…..” in section 4.6.1 in the salary TDS...
Read more