Two days Intensive Annual Program on Taxation aspects of Salary Components, Perquisites & Remuneration planning



Date & Time : Tuesday & Wednesday, May 21 & 22, 2013

(Registration & breakfast: 9.00 to 9.30 am)



Venue : Atria Hotel, No.1, Palace Road, Bangalore– 560 001(Near Vidhan Soudha)





Benefits/ learning objectives of the Seminar



Rightly said - “Two things in life cannot be avoided – one is death and another is tax”. Tax affects all of us in one-way or another. However, for certain professionals like HR & finance professionals, it is essential to learn & comprehend issues relating to employee tax as a job requirement. One needs to also understand the implications of various components of salary from tax as well as “take home” salary perspective.



Also it is often observed that while planning the salary components certain nuances related to the taxation aspects are not properly considered which results in penal consequences.



The aim of the program is to study these components in detail from tax perspective



Contents of the program



* Tax terminology & essential of salary income



o Fundamentals of salary income

o Salary under section 17 of the Income Tax Act

o Determination of average rate of tax for TDS under section 192



* Perquisite rules as per latest amendments

o Use of motor car

o Accommodation

o Personal attendants

o Gas, electricity & water

o Free or concessional education

o Concessional or interest free loans

o Use of moveable assets

o Transfer of moveable assets

o Medical reimbursement

o ESOP (Employee Stock Option)

o Superannuation Fund (SAF)

o Credit card expenses

o Gift Vouchers

o Club Expenses

o Food & Beverages

o Travel & Tour

o Residual clause

o Form 12BA – Particulars of perquisite to be attached with Form 16



* Important exemptions

o Gratuity

o House Rent Allowance(HRA)

o Leave Travel Allowance

o Leave Salary

o Provident Fund (PF) maturity

o Transport Allowance

o Education Allowance

o Hostel Allowance

o Transfer Allowance



* Remuneration planning

o Meaning

o Scope & limitations of remuneration planning



* Deductions under chapter VI-A of the Income Tax Act

o Important deductions under section 80C – conditions

* Life Insurance premium

* Public Provident Fund (PPF)

* Superannuation fund

* Mutual fund

* NSC

* Principal repayment of housing loan

* Tuition fees

o Section 80CCC – Contribution for pension plan

o Section 80D – Medical Insurance

o Section 80E – Repayment of interest on education loan



* Issues relating to liability of tax deduction at source for salary income

o Adjustments of TDS – shortfall or excess deduction of tax at source

o Notice pay implication on TDS

o Adjustment of loss under the head house property from salary income

o Payment of TDS and penal consequences for failure to comply

o Care for better compliance

o Issuance of TDS certificate

o Latest changes & applicable amendment as the Finance Act 2013



Participation Level:



* HR personnel involved in payroll & designing employee benefits scheme

* Finance personnel dealing in payroll matters

* Personnel & professional who deal or intend to deal with employee tax related matters

* Senior Management personnel in SME who are involved in payroll related matters



Registration Fee:

Rs. 9,900/- plus service tax @ 12.36% per participant which includes refreshments, vegetarian buffet lunch & reference material. Overnight stay arrangements, if required needs to be directly made by the participants. Cheque/Demand draft should be drawn in favour of “SATVAM Consulting Private Limited” payable at Mumbai. Our Income Tax PAN is AAICS5300G & Service Tax Assessee code is AAICS5300GST001

Cancellation policy: Fee once paid is non-refundable or non-adjustable in any manner. However, replacement of the participant is allowed

Nomination:



Please send nomination along with the cheque & name/contact numbers/ email ids of the participants at the following address

SATVAM Consulting Private Limited – Corporate Training Section

61, Whispering Palms Shopping Centre, Near Oriental Bank of Commerce,

Lokhandwala Township, Akurli Road, Kandivali (East), Mumbai – 400101

Telephone nos.: 022 – 6698 1100 (6 Lines) Fax: 022- 6698 1105

Email: seminar@satvam.com / seminar@satvamindia.com Website: www.satvam.com



Nomination will be confirmed on first come first serve basis on receipt of cheque/DD.



Faculty profile: CA Jignesh Thakkar



* Professionally qualified Chartered Accountant & Company Secretary

* Renowned trainer on tax related topics

* Has conducted 150 training programs on various subject on employee tax, remuneration planning, Tax Deduction at Source (TDS), finance for non-finance, labour laws etc.

* Experience of more than 14 years which includes experience in leading corporates and acting as training faculty



About SATVAM Consulting Private Limited



Established in 2004, SATVAM Consulting Private Limited is well-known company for executive training. Well-known companies from different sectors have attended our open-house training programs. We have conducted more than 300 training programs so far on variety of subjects. More than 1500 different companies have participated in our programs at different locations. We believe that “Knowledge is Power”. Participants of our program have learnt practical approach to day to day issues which have helped the companies to achieve higher growth.



In-house Training Program: If you have more than 12 employees to whom this program is relevant, we will conduct customised training programme for your company’s staff. Please contact us to work out further details – Email seminar@satvam.com / seminar@satvamindia.com or call 022-66981100



Our forthcoming programs:



We keep announcing various useful programs at various locations in India.



For complete training calendar & brochure of all locations & different topics, visit our website www.satvam.com or call on 022-6698 1100 or drop an email at seminar@satvamindia.com or seminar@satvam.com