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Investment Proofs for Income Tax Declaration

Investment Proofs for Income Tax Declaration

Do you remember a situation where yours ears widened hearing the word Income tax? Well I believe the answer is yes. Many of us can relate ourselves to such situations. Income tax and deductions are very important for salaried people. We often plan our Income tax for...
Temporary Employees and Employment Laws, an armor

Temporary Employees and Employment Laws, an armor

Temporary Employees are defined as individuals typically hired to help a business meet increased short term demand for its product or services that do not have the status of permanent staff. Temporary Employees are sometimes referred to as “contractual”,...
Summary of Budget 2017

Summary of Budget 2017

Relevant for individual tax payers Tax Rates Tax rate for individual assessee, having income between Rs.2.5 lakhs to Rs.5 Lakhs, is reduced to 5% from existing rate of 10%. Surcharge @10% of tax payable on categories of individuals whose annual taxable income is...
Budget 2017 Highlights and Tax Update

Budget 2017 Highlights and Tax Update

The Big Budget is out today, putting an end to a lot of speculations. Here are the highlights of this year’s proposed budget 2017 and for the benefit of our clients, we have bifurcated the proposals relevant for salaried class. Budget 2017, Proposals relevant...
Statutory Compliances in Indian Payroll System

Statutory Compliances in Indian Payroll System

Payroll management system is all about maintaining the records of employees, from recruitment till there retirement. Payroll Management is simply used to build an application program for maintaining the records of employees working in the company. A payroll system...