Hinote Systems - Outsourced Payroll Services & Online Payroll Software

2014-07-30

Organizations typically accept investment declarations (for tax saving) from employees at the beginning of a tax year and expect employees to submit proof...

2014-07-21

As you are aware, the Union Budget for FY 2014-15 was tabled in the Parliament by the Finance Minister of India on 10-Jul-2014. There are some changes...

2014-07-08

The Government of Maharashtra has introduced changes to Profession Tax rates effective 01-July-2014. The revised tax slabs for salaried employees in Maharashtra...

2014-03-20

In addition to remitting Profession tax (PT), companies – conducting business transactions in Chennai – need to pay what is known as Company...

2014-02-08

As per the tax rates applicable for A.Y. 2014-15, if the annual taxable salary goes above Rs 1 crore, a surcharge of 10% on Income Tax is to be added...

2014-01-30

The Indian Income Tax Act stipulates the conditions under which a salaried employee can claim tax rebate on interest payment on housing loan. Section...

2013-11-21

Incorrect employee Permanent Account Number (PAN) in Form 24Q leads to problems for both the organization and employees. Organizations spend significant...

2013-11-11

Section 192 (2B) of the Income Tax Act allows an employee to furnish particulars of income under any head other than “Salaries”  for...

2013-11-03

Payroll managers are aware that the existing wage limit (as of Nov 2013) for coverage under the ESI Act is Rs 15,000 (Rupees Fifteen Thousand) per month...

2013-10-18

In an earlier post we looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of...