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Archive for July, 2014

High Risk Investment Declarations

Organizations typically accept investment declarations (for tax saving) from employees at the beginning of a tax year and expect employees to submit proof of investments only towards the end of the year or at the time of final settlement calculation in case of employees leaving the organization before the end of the year. It is […]

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Budget FY 2014-15 – Tax on Salary

As you are aware, the Union Budget for FY 2014-15 was tabled in the Parliament by the Finance Minister of India on 10-Jul-2014. There are some changes to the computation of tax on salary which payroll managers need to consider for FY 2014-15. 1. Changes in tax rates The revised tax rates for salaried employees […]

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