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November | 2010 | TIBS Blog
https://blog.tibs.in/2010/11
Payroll and other stuff. Archive for November, 2010. Deduction under section 80GGA of the Income Tax Act. November 2, 2010. Can salaried employees claim deduction under Section 80GGA of the Income Tax Act? Section 80GGA covers the following contributions:. A) any sum paid by the assessee in the previous year to a university, college or other institution which undertakes scientific research. The university/college/institution should be in the list notified by the Income Tax department. Any assessee who do...
blog.tibs.in
Deduction under section 80GGA of the Income Tax Act | TIBS Blog
https://blog.tibs.in/2010/11/02/deduction-under-section-80gga-of-the-income-tax-act
Payroll and other stuff. Deduction under section 80GGA of the Income Tax Act. Deduction under section 80GGA of the Income Tax Act. November 2, 2010. Can salaried employees claim deduction under Section 80GGA of the Income Tax Act? Section 80GGA covers the following contributions:. B) any sum paid by the assessee in the previous year to an association or institution, which runs programmes for rural development. Any assessee who does not have income chargeable under the head Profits and gains of business o...
blog.tibs.in
Payroll | TIBS Blog
https://blog.tibs.in/category/payroll
Payroll and other stuff. Archive for the ‘Payroll’ Category. Salary for the purpose of PF calculation. August 1, 2011. On the issue of determining salary for the purpose of PF calculation, a couple of recent judgments favour the PF department. In their judgements, the Madras High Court and Madhya Pradesh High Court have stated that organizations should add other allowances to Basic while calculating PF. You can read the PF department circulars which append the court judgements here. Please examine the he...
blog.tibs.in
TIBS | TIBS Blog
https://blog.tibs.in/author/tibs99
Payroll and other stuff. Salary for the purpose of PF calculation. August 1, 2011. On the issue of determining salary for the purpose of PF calculation, a couple of recent judgments favour the PF department. In their judgements, the Madras High Court and Madhya Pradesh High Court have stated that organizations should add other allowances to Basic while calculating PF. You can read the PF department circulars which append the court judgements here. 1 Define salary for the purpose of PF calculation. Please...
blog.tibs.in
ESI | TIBS Blog
https://blog.tibs.in/category/payroll/statutory-compliance/esi
Payroll and other stuff. Archive for the ‘ESI’ Category. Enhancement of wage limit for ESI coverage. May 2, 2010. The Ministry of Labour and Employment, Government of India, has notified that the wage-limit for coverage of employees under the Employee State Insurance (ESI) scheme will be Rs 15,000 per month effective May 1, 2010, as against Rs 10,000 earlier. To read the government notification. Payroll Services and Software. Tel: 91 44 4210 7756. Website: www.tibs.in. Join 126 other followers. Payroll r...
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Deduction under Section 80G of the Income Tax Act | TIBS Blog
https://blog.tibs.in/2010/07/13/deduction-under-section-80g-of-the-income-tax-act
Payroll and other stuff. Deduction under Section 80G of the Income Tax Act. Deduction under Section 80G of the Income Tax Act. July 13, 2010. Recently, a payroll manager in a customer organization asked us if his organization can accept information on charitable donations made by employees for calculating deduction under Section 80G of the Income Tax Act. Let us take a look at the conditions that payroll managers should consider while calculating deduction under Section 80G. In respect of section 80G, no...
blog.tibs.in
Taxability of food coupon/meal voucher | TIBS Blog
https://blog.tibs.in/2010/06/21/taxability-of-food-couponmeal-voucher
Payroll and other stuff. Taxability of food coupon/meal voucher. Taxability of food coupon/meal voucher. June 21, 2010. We find a number of organizations that issue food coupons/meal vouchers to employees each month not adhering to perquisite valuation rules issued by the Income Tax Department. Let us examine the text of the perquisite valuation rule governing issuance of meal vouchers and study the underlying conditions that are to be satisfied for availing tax exemption on meal vouchers. In addition, t...
blog.tibs.in
Section 206AA: Higher TDS on salary | TIBS Blog
https://blog.tibs.in/2010/06/15/section-206aa-higher-tds-on-salary
Payroll and other stuff. Section 206AA: Higher TDS on salary. Section 206AA: Higher TDS on salary. June 15, 2010. The Income Tax Department, by introducing Section 206AA, has mandated that TDS deductors should deduct TDS at 20% or the actual TDS rate(s), whichever is higher, in the event of the assessee (deductee) not submitting a valid Permanent Account Number (PAN). You can take a look at the text of Section 206AA by clicking here. This section is effective April 01, 2010. Who have not submitted PAN.
