Tax Exemption on Leave Travel Allowance (LTA) – Part I
As a company engaged in the business of payroll processing and statutory compliance related to payroll, we wonder if the...
Read moreTax Exemption on HRA – PAN of the Landlord
As per a recent circular issued by the Income Tax Department, employees who pay house rent of more than Rs...
Read moreMeal Vouchers/Food coupons issued to employees
Let us take a look at the issues payroll managers need to consider while using meal vouchers / food coupons...
Read moreLoan provided to employees – Perquisite calculation – Part II
In the previous post, we had a look at the basis of perquisite calculation on loans provided to employees and...
Read moreLoan provided to employees – Perquisite calculation – Part I
We find many payroll managers being unaware that loans provided to employees (by the employer) are taxable in the hands...
Read moreTaxability of telephone reimbursement provided to employees
If an organization reimburses telephone expenses to its employees, is the reimbursement non-taxable? Yes, telephone reimbursement provided to employees is...
Read moreChanges to Form No. 16 (2012-13)
The income tax department has introduced changes to the Form No. 16 format for 2012-13 by way of its recent...
Read moreAndhra Pradesh Profession Tax Revision – February 2013
The Government of Andhra Pradesh, by way of a government order (G.O.Ms.No. 82), has ordered changes to Profession Tax. The...
Read moreDeduction of half-yearly Profession Tax in Chennai – Part II
In the previous post, we saw why deducting Profession Tax (PT) equally across six months in locations like Chennai (where...
Read moreDeduction of half-yearly Profession Tax in Chennai – Part I
Profession tax (PT) is levied by local authorities such as city corporations and municipalities on employees and employers. PT is...
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