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In this post, we have discussed the income tax provisions for doctors that should be remembered with the tax presumptive scheme. Doctors, perform noble and busiest professions in the country. They work for approx 9×7 a week and maybe more to help the people in the fight with their sufferings. They really do not have […]
For a wide variety of purposes, Indians use the Permanent Account Number (PAN) card, which holds substantial importance in every sector. Apart from its major use for filling the tax forms, it is considered an identification document for different grounds. An ample number of people are applying for it because of its rapid prominence over […]
We tell you about the huge scope for Chartered Accountant professionals. As we know that there are many government and private companies that are providing jobs with a good package. The aspirants can become employed in a firm as an employee or can start their own private practice. There are many scopes or jobs for those […]
The Indian economist and currently chairperson of the Forum of Federations, Mr. Vijay Kelkar believes that the introduction of Goods and Services Tax (GST) will play an important role to push the economic growth of India rapidly.
1. Section 192(A) – Payment of an accumulated balance of PF due to an employee. The threshold limit increased to Rs. 50,000 from the prior limit Rs. 30,000 for the purpose of deducting TDS. Means, no TDS applicable if PF withdrawal amount is less than Rs 50,000. 2. Section 194BB – Wining from Horse Race, […]
The approach behind the Employee Provident Fund (EPF) scheme is to provide significant benefit to the employees at the time of their retirement. The scheme specifies that a nominal amount is deducted from the salary of an employee as a contribution towards the fund. According to the latest circular, which has got affected from June […]
The Service tax came into existence around 22 years back in July, 1994 under the Finance Act in India. Primarily, it is a tax, which is paid by the service provider to the government on certain service transactions, but actually recovered from the customers who take the services. It comes under the category of Indirect […]
Finance Minister Arun Jaitley is going to announce the Annual Budget for 2016-17 on 29th of February. This year it would be more appropriate to strike your cards or to pay via digital wallets than to spend the hard cash. Apparently, this year’s budget plans prepared by the Payments Council of India (PCI), the government […]
Investing in a payroll solution is one of the crucial aspects of every organization in today’s rapidly improving world, so it becomes very prominent to choose wisely a competent computer program that handles and manages your employee records appropriately. The market, today has an abundance of payroll management systems available according to the specific needs […]
