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Upper age limit for Whole Time Directors on the Boards of Banks

RBI 2014 15 217 DBOD APPT BC No 40 29 39 001 2014 15 To The Managing Director Chief Executive Officers of all Private Sector Banks Dear Sir Madam Upper age limit for Whole Time Directors on the Boards of Banks The matter relating to fixing an upper age limit for the post of Managing Director Chief E

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 B DATED 5 10 2012 Reference is invited to Circular No 05 2011 dated 16 8 2011 whereby the rates of d

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 corporate charges International Taxation Exemption and other allied charges accommodating approximately 80

Income Tax has released Form 16A E-Tutorial

The Income Tax Department has released Form 16A E Tutorial and Form 16A PPT For Form 16A E Tutorial and Form 16A PPT Check the attached file

Remittance of Salary & Relaxation

Style Definitions table MsoNormalTable mso style name Table Normal mso tstyle rowband size 0 mso tstyle colband size 0 mso style noshow yes mso style priority 99 mso style qformat yes mso style parent mso padding alt 0in 5 4pt 0in 5 4pt mso para margin top 0in mso para margin right 0in mso para marg

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Experts Opinions

Salary to partners - please help

Sir Assesee a partnership firm filed its return of Income after paying salary and interest to partners File Selected for Scrutiny Assesee observes a error in working and wants to file a revised return which increases the firm income by Rs 1lakh My question is a Can the Assesee appropriate additonal

Leave salary encashment

Please clarify how many maximum no of days leave salary can encash at the time of Resignation Termination Is every company can set there policy that maximum specific no of days can pay leave salary i e Suppose i have balance 240 days of leave at the time of Termination but company saying that we can

Cash salary



what are the consequences if I issue a salary cheque to employee who is not registered in EPF ESI kindly please help

salary income

i hv annual salary of 6 lakhs my employer has deducted tds of rupees 50 700 how can i get refund of tds amt note


Tds in salary

Whether it included in salary i e TDS applicable under the case if expenses incurred for training 2month only travelling ta da and the same is reimbursed from institution by employee Thanks in advance

Taxation of salary earned outside india

A person has been redident in India till PY 2011 12 In PY 2012 13 he leaves india in January 2013 For 9 months of PY 2012 13 he earned salary in India obviously taxed paid on ame in India and for remaining 3 months he earns salary in Mauritius no tax paid in India As per my understanding for PY 2012

Tax on leave salary

R an employee of xyz ltd retried from services 01 01 2016 after serving for 16 years and 7 Months at the time of retirement he received a sum of rupees 50000 as leave encashment for unavailaed leave of 300 days he was getting salary of 5000 per month at the time of retirement he received increment o

Sir i got arrear salary up to fy 2012-2013 this year 2016?

Sir I received arrear salary up to Fy 2012 2013 in this june 2016 Can i can for relief in FY 2016 2017

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Career in Banking Sector : Life, Salary, Growth

We all know that Banks are considered as the backbone of any countrys economy In India Bank Job is considered as most sought job Getting a bank job is a matter of prestige especially in a government sector bank Life in a Banking Sector You can enjoy your personal life while working in banks You can

Tips received by waiters from customers is not salary income

Background and facts Section 15 of the Indian Tax Laws ITL includes the following incomes as chargeable to tax under the head Income from Salary Salary head Salary that is due from an employer or a former employer whether paid or not Salary that is paid or allowed to an employee by or on behalf of a

A Guide to Understand the Salary Structure

I bet you never knew the perks of understanding your Salary Structure better For most people salary is simply a paycheque they get at the end of each month The salary structure mentioned in the slip that comes with it hardly attracts any attention since people dont want to do the math and figure out

Amendment in Payment of Bonus Act 2015 and increase in salary limit

DEAR ALL The payment of Bonus amendment bill 2015received the assent of the President on the 31st December 2015 and now becomes an ACT The payment of BonusAct provides for the annual payment of bonus to employees of certain establishments including factories and establishments employing 20 or more p

Basic components of salary and its taxation

CTC is cost to company and the components are Basic HRA CONVEYANCE MOBILE REIMBURSHMENT MEDICAL reimbursement All allowances LTA employer contribution of PF Employer Contribution towards ESI Total variable incentives Perks benefits Insurance Premium in case of Group insurance Basic Salary is your Ba

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Updated on : 10/22/2016 11:08:10 PM


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