Archive for 2019

Budget FY 2019-20 – Tax on Salary

The interim Union Budget for FY 2019-20 was tabled in the Parliament by the Finance Minister of India on 01-Feb-2019. Here are the key proposals related to computation of tax on salary which payroll managers need to consider for FY 2019-20, effective 01-Apr-2019. Note: This post has been updated to include the proposals tabled by […]

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TDS on Salary – Circular for FY 2018-19

The Income Tax Department has issued the “TDS on Salary” circular for FY 2018-19. You can take a look at it here or here. Please ensure that all tasks (income tax deduction, investment proof scrutiny, etc.) related to salary TDS compliance in your organization for FY 2018-19 are carried out as per the circular. Para […]

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