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Program on Employee Tax (payroll), perquisite rules & remuneration planning with latest amendments
Date & Time : Monday, July 8, 2013 - 09.30 a.m. to 5.30 p.m.
(Registration & breakfast: 9.00 to 9.30 am)
Venue : VITS Hotels, Andheri-Kurla Road, Beside Trade Star Building, Kondivita Lane, Mumbai - 400059
Benefits/ learning objectives:
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
Contents:
* Tax terminology & essential 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 Concessional or interest free loans
o Use & transfer of moveable assets
o Medical reimbursement
o ESOP (Employee Stock Option)
o Superannuation Fund (SAF)
o Gift Vouchers & Club Expenses
o Food & Beverages
o Credit card expenses
* Important exemptions
o Gratuity
o House Rent Allowance(HRA)
o Leave Travel Allowance
o Liability of the employer to maintain the supporting for LTA, HRA claim
* Remuneration planning
o Meaning
o Scope & limitations of remuneration planning
* 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 Latest changes & applicable amendments including the applicable provisions in 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
Registration Fee:
Rs. 4,900/- plus service tax @ 12.36% per participant which includes refreshments, vegetarian buffet lunch & reference material. 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
Nomination:
Please send nomination along with the cheque and name/contact numbers/ email ids of the participants at
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.
In-house Training Program: If you have more than 8 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:
* July 13, 2013 – Mumbai - Fundamentals of Labour Laws for Managers
* August 22, 2013 – Mumbai – Effective Interviewing Skills for HR, recruitment & functional managers
* July 9, 2013 – Mumbai - Program on Practical issues in Tax Deduction at Source (TDS)
For complete training calendar & brochure, visit our website www.satvam.com or call on 022-6698 1100 or drop an email at seminar@satvamindia.com or seminar@satvam.com