Salary

Draft Rules under Companies Act 2013 :: Chapter XIII :: Appointment and Remuneration of Managerial Personnel

Click Here to Download the Draft Rules for Chapter XIII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XIII APPOINTMENT AND REMUNERATION  OF MANAGERIAL PERSONNEL  13.1 For the purposes of second proviso to sub-section (4) of section 196, a company shall file a return of appointment of a managing director, whole time director or manager with the… Read More

Tags: Board of directorsBusinessCompensation and BenefitsExecutive payHuman ResourcesIndiaPublic companySalary

Commencement Notification CA2013 :: National Company Law Tribunal :: Section 414 :: Salary, allowances and other terms and conditions of service of Members

Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 414- Salary, allowances and other terms and conditions of service of Members The salary, allowances and other terms and conditions of service of the Members of the Tribunal and the Appellate Tribunal shall be such as may be prescribed: Provided that neither the… Read More

Tags: BusinessContractual termDictionariesEvening StandardNational Company Law TribunalNational Company Law Tribunal and Appellate TribunalNCLTSalaryWeekender

Case Laws :: Sec 192 explains TDS obligation on Medical Reimbursement & LTC components of a CTC of an employee

CLR Editorial Notes: In this case related to TDS and LTC of an employee, it was noticed that the assessee (in this case - Infosys BPO, Bangalore) had recruited employees under a contract of employment which provided the salary as a ˜cost to company™ or ˜CTC™. Once the employee had determined the CTC, he/she was permitted… Read More

Tags: BangaloreBusinessCommissioner of ITCommonwealth Law ReportsIncome taxIT ActLeave Travel AllowanceLTCPaymentSalarySection 192 of the IT ActTax Deducted at SourceTDS

Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh

The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees. The CBDT vide its earlier notifications had exempted salaried employees having total income upto Rs. 5 lakhsincluding income from other sources upto Rs. 10,000/- from the requirement of filing return of income for assessment year 2011-12 and… Read More

Tags: CBDTDigital signatureNew DelhiPaymentSalaryTaxTax return (United States)Taxation in India

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 -… Read More

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

CLR Important | Employees Provident Fund Organization proposes radical changes in Provident Fund Coverage

The Employees Provident Fund Organization(EPFO) readying to re-notify a new definition of "compensation" that will include all allowances. Currently, employers contribute only 12% of the basic salary and dearness allowance, which in fact is not paid by most companies currently, towards their share of "matching" provident fund and the Employees Pension Scheme contribution. Hence, for several thousands of employees,… Read More

Tags: BusinessDearness AllowanceEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFOSalaryTax credit

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