Archive for January, 2017
A reader of this blog sent us the below question some days ago. As per 192 TDS on salary is to be deducted on actual payment and not on accrual basis, here if a person resigns in Feb, his salary for the month of Jan and Feb is paid in April along with F&F settlement, […]
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Organizations pay what is called per diem (per day) allowance to employees who travel for business purposes. The allowance is meant to help employees cover daily expenses pertaining to food, local travel, etc. When employees travel abroad they receive the allowance in foreign currency. Many organizations do not seek information on the actual daily expenses […]
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The Income Tax Department has issued the “TDS on Salary” circular for FY 2016-17. You can take a look at it here. Please ensure that all tasks (income tax deduction, investment proof scrutiny, etc.) related to salary TDS compliance in your organization for FY 2016-17 are carried out as per the circular. Para 4.6.5 in […]
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Leave a Comment (2) →The Employees’ Provident Fund Organization has made significant changes to the processes related to generation of the Electronic Challan cum Return (ECR) file. From now on, the Universal Account Number (UAN) shall be the unique identifier for PF remittance, transfer and withdrawal. The process of using the PF number as the identifier has been done […]
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What’s in a name? that which we call a rose By any other name would smell as sweet; – William Shakespeare in Romeo and Juliet While it is perfectly legitimate for organizations to hire consultants (along with hiring full-time employees) during the course of business, it is important that the underlying statutory requirements are fully […]
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