arrears salary

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Attachment of Properties Against Tax Arrears


Total amount of direct taxed arrear demand as on 31 10 2014 is Rs 6 15 295 crore An amount of Rs 23 653 crore has been collected recovered during the period 1 4 2014 to 31 10 2014 The target for cash

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Income-tax deduction from salaries u/s 192 during the Financial year 2012-13


SECTION 192 OF THE INCOME TAX ACT 1961 DEDUCTION OF TAX AT SOURCE SALARY INCOME TAX DEDUCTION FROM SALARIES UNDER SECTION 192 DURING THE FINANCIAL YEAR 2012 13 CIRCULAR NO 8 2012 F NO 275 192 2012 IT

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Adjustment Of Refunds Against Arrears: CBDT Circular


SECTION 119 OF THE INCOME TAX ACT 1961 INCOME TAX AUTHORITIES INSTRUCTIONS TO SUBORDINATE AUTHORITIES AUTHORIZATION OF AOsIN CERTAIN CASES TO RECTIFY RECONCILE DISPUTED ARREAR DEMAND CIRCULAR NO 4 OF

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Biggest IT dept in India to be inaugurated by FM today


Union Finance Minister Shri Pranab Mukherjee will inaugurate the biggest office building of the Income tax Department in India tomorrow The building will house the offices of salary charges non corpor

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Recovery of Arrears of Tax Demand of the Income Tax Department


Recovery of IT The CAG conducted performance audit of Recovery of Arrears of Tax Demand of the Income Tax Department and the report Number 23 of 2011 12 was laid on the table of the Lok Sabha Rajya Sa

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Experts Opinions

Salary


Dear Expert Please give me a solution for this transaction Salaries 30000 PF 10 Employer Contribution 3000 PF 10 Employee Contribution 3000 TDS 3000 What is the journal entry for this transction

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Salary payment


dear all the experts solve it as per sec40a 3 any payment exceeding 20000rs is not allowable but sir have paid 30000 salary in cash p m to my employee so can i paid 30000 by two installment of cash pa

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Salary issue


if i paid salary upto 35000 in cash then is it exempted

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If salary exceeds 15000/- due to overtime,esi applicable???


A company provides BASIC HRA CONVEYANCE OVERTIME to its employee As ESI 1 75 is chargeable where total earned doesn t exceeds Rs 15000 but A confusion hits my mind always If Total earned including ove

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Partner's salary / commission.


Can a partner withdraw salary from Partnership firm Can he also avail commission from the same firm

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Discussion

Calculation of gross salary

can someone tell me how to calculate gross to net

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Computation of gross salary

It would be great if anyone help me to compute Taxable Income from the below details I need this to pay Self assesment TAX and submit ITR2 TOTAL TAXABLE INCOME FROM SALARY INCOME 408000 00 It includin

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Indian employees witness highest salary increase of 10.8% am

2015 is turning out to be an excellent year for Indian employees As per the recent 2015 16 Asia Pacific Salary Budget Planning report prepared by leading professional services companyTowers Watsons Da

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Automatic Salary Slip / Payslip Generator in Excel Format - PSLIP

PSLIP Salary Slip Printing and Send eMail as PDF file format attachment Software It is auto work maker with multi users salary slip printing and send emailsoftware Itis based on Microsoft Excel Applic

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Salary to working partner

Have 2 queries 1 Is Working partner defined anywhere in the Act 2 Can a person be considered as working partner if he is taking salary from company asdirector and also from partnership firm deed speci

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  • Tax Calculator AY 2014-15, 2015-16, & 2016-17

    Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income Interest calculate Under section 234A 234B and 234C Also HRA calculation

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  • Income Tax calculator A.Y 2014-15,2015-16 & 2016-17

    Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income Interest calculate Under section 234A 234B and 234C also HRA calculation

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  • Important changes under Central and State Tax Laws

    The following are the important changes under Central and State Tax Laws with effect from 1st April 2015 1 Conveyance Allowance Transport allowance granted to an employee is exempted up to Rs 800 per month The limit of exemption is now enhanced to Rs 1600 per month 2 Profession Tax Those whose salary for a month was more than Rs 10 000 were supposed to pay Profession Tax of Rs 150 per month Now from 1st April 2015 the persons drawing salary up to Rs 15 000 per month are exempted from Profession Tax Applicable for Bangalore 3 Profession Tax exemption for senior citizens who have attained age of 60 Years Applicable for Bangalore 4 Wealth Tax Is abolished from 1st April 2015 Keep all the wealth tax papers of past 8 years in safe custody even though wealth tax is abolished from FY 2015 16 5 Mediclaim Insurance The premium paid towards mediclaim insurance is enhanced from Rs 15 000 to Rs 25 000 per year for senior citizen it is enhanced from Rs 20 000 to Rs 30 000 per year u s 80D 6 Basic Exemption Limit for VAT registration in Karnataka Now the traders who expect to do annual taxable turnover sales of less than Rs 10 Lakhs needn t register under Karnataka VAT Laws However other aspects of registration which were applicable till March 2015 will continue to apply 7 Reverse Charge Method under service Tax Laws w r t Manpower Consultancy Currently in case manpower supply or security services is provided by individual HUF or partnership firm to a body or a corporate the service provider is liable to deposit Service Tax to the extent of 25 and service receiver liable to deposit Service Tax to extent of 75 W e f 1st April 2015 Service Tax is not required to be charged by specified service provider i e individuals HUF Partnership Firms and the same is to be paid by the service receiver entirely i e instead of 75 the service receiver has to pay 100 F No 334 5 2015 8 ESIC Payment Through Online Online payment of ESI contribution made easier Now facility for payment of ESI contribution through net banking is made available through State Bank of India and 58 major banks 9 PF Payment Made Online The EPFO payment has been made online Mandatory effective from 1st May 2015

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  • E-Taxation - Free Android Application

    E Taxation free android app Features 1 Practical and theoretical knowledge of Direct Tax 2 Case laws circulars notifications public notice tax calendar corporate and taxation news 3 Mock Test for students appearing for final exam 1 Practical knowledge of Direct Tax 2 Mock test for students appearing for exam 3 Latest case laws 4 Latest circulars 5 Income Tax notifications 6 public notice 7 tax calendar 8 corporate and taxation news 9 Basic Income Tax 10 Residential Status 11 Income Tax Returns 12 Documentations 13 Tax Rates 14 Tax on Individual 15 Tax on Senior Citizen 16 Tax on Super Senior Citizen 17 Due Dates of Return 18 TDS with PAN 19 TDS without PAN 20 Advance Tax Calculation 21 Interest Penalty as per section 234A 234B and 234C 22 Computation of Income Tax 23 Tax on Salary 24 Tax on House Property 25 Tax on Capital Gain 26 Tax on Income from Other Sources 27 Rebate 87A 28 Partnership Firm 29 Depreciation Chart 30 Deduction 80C to 80U 31 Assessment Procedure 32 Clubbing of Income 33 Carry Forward and set off 34 Wealth Tax 35 Tax Planning

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  • Salary Sheet

    Attandance Sheet

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Articles

How to save income tax on salary


The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax knowledge that would enable him to save Maximum Income Tax by restructuring their respective Salar


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Income from salary


INCOME FROM SALARIES Any remuneration paid by an employer to his employee in consideration of his service is called Salary It includes monetary value of those benefits and facilities provided by the e


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Campus placement and salary for CAs


Report on Campus Placement Programme February March 2015 The Committee for Members in Industry CMII of ICAI organizes Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a y


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TDS on Salary - Key points an employee should know


Introduction Taxation on salary is the vital area which should know not only by the employer but also employee should aware about this area Section 192 of the Income tax act is crucial section under T


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TDS U/S 195- Reimbursement of salary of seconded employees


Secondment of employees by foreign parent company to Indian subsidiary is a regular feature considering the requirements to meet their global standards of quality and to ensure proper functioning and


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Updated on : 6/23/2015 7:52:08 AM





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