Due dates for the Month of October 2014 05-10-2014 Service Tax – Service Tax payments by Companies for September – Service Tax payments by Other than Companies for July to September 06-10-2014 Central Excise – Payment of Excise Duty for [Read More]
Holding Period of flat shall be calculated back from date of allotment and payment of first installment This paper is written to high light the impact of recent High Court decision in Ms Madhu Kaul & CIT w.r.t. point of [Read More]
GRATUITY – Taxation Issues Income tax assumes gratuity as capital receipts and exempts gratuity receipts up to Rs 10,00,000. This means that you need not to pay tax, subject to some conditions, for gratuity receipts up to Rs 10 Lakhs. [Read More]
GRATUITY – DEFINED BENEFIT RETIREMENT PLAN Job-hopping can increase your pay, but good old loyalty also has its perks. Stay on with your employer for five years or more, and you are entitled to gratuity when you resign, retire or [Read More]
HOUSE RENT ALLOWANCE – How to compute exemption What is House Rent Allowance? – Employees generally receive a house rent allowance (HRA) from their employers. – This is a part of the salary package, in accordance with the terms and [Read More]
HOUSE RENT ALLOWANCE – Departmental Control What are the dependent factors in calculating HRA exemption for the salaried individual? Keep four aspects in mind:- HRA received, The actual rent paid and Where you reside, i.e., if it is a metro [Read More]
Pre-computation steps “Income Under Head Salary” As we know that majority of person assessed comprised of salaried employed and hence economic significance of correct computation can not be undermine. As we know in last hour we got confused what to [Read More]
Impact on employees of Enhancement of wage ceiling from Rs. 6500/- to Rs. 15000/- Vide notification dated 22.08.2014 Ministry of Labour and employment has enhanced the ceiling of wage from Rs. 6500/- to Rs. 15000/- for the computation of contribution [Read More]
Due dates for the Month of September 2014 05-09-2014 Service Tax – Service Tax payments by Companies for August 06-09-2014 Central Excise – Payment of Excise Duty for all Assessees (other than SSI Units) 07-09-2014 Income Tax – TDS Payment [Read More]
Dear All, Please find the Notification of Minimum Wages Revision for Maharashtra w.e.f 1st July 2014. Download Notification