Mumbai – Program on Employee Tax (payroll), perquisite rules & remuneration planning with latest amendments – July 8

Program on Employee Tax (payroll), perquisite rules & remuneration planning with latest amendments

Date & Time : Monday, July 8, 2013 – 09.30 a.m. to 5.30 p.m.
(Registration & breakfast: 9.00 to 9.30 am)

Venue : VITS Hotels, Andheri-Kurla Road, Beside Trade Star Building, Kondivita Lane, Mumbai – 400059

Benefits/ learning objectives:

Rightly said – Two things in life cannot be avoided one is death and another is tax. Tax affects all of us in one-way or another. However, for certain professionals like HR & finance professionals, it is essential to learn & comprehend issues relating to employee tax as a job requirement. One needs to also understand the implications of various components of salary from tax as well as take home salary perspective


* Tax terminology & essential of salary income
o Salary under section 17 of the Income Tax Act
o Determination of average rate of tax for TDS under section 192

* Perquisite rules as per latest amendments
o Use of Motor Car
o Accommodation
o Concessional or interest free loans
o Use & transfer of moveable assets
o Medical reimbursement
o ESOP (Employee Stock Option)
o Superannuation Fund (SAF)
o Gift Vouchers & Club Expenses
o Food & Beverages
o Credit card expenses

* Important exemptions
o Gratuity
o House Rent Allowance(HRA)
o Leave Travel Allowance
o Liability of the employer to maintain the supporting for LTA, HRA claim

* Remuneration planning
o Meaning
o Scope & limitations of remuneration planning

* Issues relating to liability of tax deduction at source for salary income
o Adjustments of TDS shortfall or excess deduction of tax at source
o Notice pay implication on TDS
o Adjustment of loss under the head house property from salary income
o Latest changes & applicable amendments including the applicable provisions in the Finance Act, 2013

Participation Level:

* HR personnel involved in payroll & designing employee benefits scheme
* Finance personnel dealing in payroll matters
* Personnel & professional who deal or intend to deal with employee tax related matters

Registration Fee:

Rs. 4,900/- plus service tax @ 12.36% per participant which includes refreshments, vegetarian buffet lunch & reference material. Cheque/Demand draft should be drawn in favour of SATVAM Consulting Private Limited payable at Mumbai. Our Income Tax PAN is AAICS5300G & Service Tax Assessee code is AAICS5300GST001


Please send nomination along with the cheque and name/contact numbers/ email ids of the participants at
SATVAM Consulting Private Limited Corporate Training Section
61, Whispering Palms Shopping Centre, Near Oriental Bank of Commerce,
Lokhandwala Township, Akurli Road, Kandivali (East), Mumbai 400101
Telephone nos.: 022 6698 1100 (6 Lines) Fax: 022- 6698 1105
Email: / Website:

Nomination will be confirmed on first come first serve basis on receipt of cheque/DD.

In-house Training Program: If you have more than 8 employees to whom this program is relevant, we will conduct customised training programme for your company™s staff. Please contact us to work out further details Email / or call 022-66981100

Our forthcoming programs:

* July 13, 2013 Mumbai – Fundamentals of Labour Laws for Managers
* August 22, 2013 Mumbai Effective Interviewing Skills for HR, recruitment & functional managers
* July 9, 2013 Mumbai – Program on Practical issues in Tax Deduction at Source (TDS)

For complete training calendar & brochure, visit our website or call on 022-6698 1100 or drop an email at or

Tags: Employee benefitEmployee stock optionFinance ActHRAIncome taxLTAMumbaiOriental Bank of CommercePayroll ProcesingSalaryTax

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