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 directors, Business, Compensation and Benefits, Executive pay, Human Resources, India, Public company, Salary
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: Business, Contractual term, Dictionaries, Evening Standard, National Company Law Tribunal, National Company Law Tribunal and Appellate Tribunal, NCLT, Newsletter, Salary, Weekender
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: Bangalore, Business, Commissioner of IT, Commonwealth Law Reports, Income tax, IT Act, Leave Travel Allowance, LTC, Payment, Salary, Section 192 of the IT Act, Tax Deducted at Source, TDS
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: CBDT, Digital signature, New Delhi, Payment, Salary, Tax, Tax 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 benefit, Employee stock option, Finance Act, HRA, Income tax, LTA, Mumbai, Oriental Bank of Commerce, Payroll Procesing, Salary, Tax
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: Business, Dearness Allowance, Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPFO, Salary, Tax credit
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