Removal of grace period for PF remittance
While the deadline for Provident Fund (PF) remittance by employers is the 15th of the following month, the PF department...
Read moreThe Payment of Bonus (Amendment) Act, 2015
The Government of India has notified the Payment of Bonus (Amendment) Act, 2015, by way of a notification dated 01-Jan-2016....
Read moreHouse Rent Allowance (HRA) Exemption
Section 10 (13A) of the Income Tax Act along with Rule 2A of the Income Tax Rules provides for income...
Read moreTax Benefit is Available on Home Loan Interest, Even if Unpaid
As a payroll service provider, we verify the supporting documents submitted by employees when they seek tax benefit. If an...
Read moreDifference in Salary Amounts between Part A and Part B of Form 16
The Income Tax Department notified a new format, comprising Part A and Part B, for Form 16 in 2013. As...
Read more7 Traits of Great Payroll Professionals
Let us face it: payroll management is a thankless job. When was the last time you thanked payroll folks in...
Read moreCompensation structuring should be in line with tax law
Compensation structuring with a view to minimizing tax in the hands of employees is not a bad thing. However, we...
Read moreShould Service Tax be Calculated on Notice Period Recovery?
Recently, we received a question from an organization known to us. Should we be calculating Service Tax on notice period...
Read moreBase days for monthly salary calculation
Recently, we received a question from an HR manager, “Do we pay salary for the total number of calendar days...
Read moreRecent PT Amendments in Karnataka and Maharashtra
Effective April 2015, the state authorities in Karnataka and Maharashtra have introduced amendments to Profession Tax. Karnataka 1. Profession Tax...
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