Taxability of telephone reimbursement provided to employees
If an organization reimburses telephone expenses to its employees, is the reimbursement non-taxable? Yes, telephone reimbursement provided to employees is...
Read moreChanges to Form No. 16 (2012-13)
The income tax department has introduced changes to the Form No. 16 format for 2012-13 by way of its recent...
Read moreAndhra Pradesh Profession Tax Revision – February 2013
The Government of Andhra Pradesh, by way of a government order (G.O.Ms.No. 82), has ordered changes to Profession Tax. The...
Read moreDeduction of half-yearly Profession Tax in Chennai – Part II
In the previous post, we saw why deducting Profession Tax (PT) equally across six months in locations like Chennai (where...
Read moreDeduction of half-yearly Profession Tax in Chennai – Part I
Profession tax (PT) is levied by local authorities such as city corporations and municipalities on employees and employers. PT is...
Read moreGuidelines for investment declaration for tax exemption – 2012-13
We are into the last quarter of the current tax year (Apr 2012 to Mar 2013) and you, as a...
Read moreCalculate PF on gross pay and NOT on Basic head of pay – Part II
In our previous post we talked about the why PF should be calculated on gross salary and not on Basic...
Read moreCalculate PF on gross pay and NOT on Basic head of pay – Part I
A recent article on Provident Fund (PF) deduction in the Times of India has led to a number of employers...
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