Tag: Income Tax
CBDT’s recent changes boost take-home pay for employees
The Central Board of Direct Taxes (CBDT) has come up with a new rule that will result in an increase in the net income...
CBDT issues circular on TDS collection for FY 2022-23
The Central Board of Direct Taxes (CBDT) issues a circular that explains the deduction of TDS from salaries. The board said that income tax...
Government staff cannot claim LTC for foreign trips: SC
The Supreme Court has ruled that Leave Travel Concession (LTC) cannot be claimed by government employees for foreign travel or for long circuitous trips.
A...
No tax on amount received from employer for COVID treatment
As per the amendment of Section 56 of the Income Tax Act, via the Finance Bill, 2022, any amount received by an employee from...
Salary of Indians employed in the Gulf not taxable in India
When the Indian finance minister had said a month ago that non-resident Indians NRI) who did not pay taxes in the foreign countries where...
Hiring cabs to pick/drop staff? Cannot claim ITC on GST
According to the Himachal Pradesh bench of the Authority for Advance Ruling (AAR), input tax credit (ITC) for GST cannot be claimed by any...
Date for employers to issue TDS certificates/Form 16 extended to June...
The Government has extended the deadline for employers to issue tax deduction at source (TDS) certificates, or Form 16, to June 30, 2020. Usually,...
Bihar government employees haven’t paid tax on house rent allowance
As per income tax rules, salaried employees do not have to pay tax on a significant part of the house rent allowance (HRA) —...
Now, daily travel allowance to be taxed on failure to submit...
Any allowance paid to the assessee to meet his personal expenses at the place where the duties of his office are ordinarily performed is not exempt under the Income Tax Act.
CFOS, tax heads, Sr. finance professionals expect a change in income...
People want multiple outdated deductions to be replaced with standard deductions to boost disposable income in the hands of the people.
245 non-performing income tax commissioners reshuffled
The department is putting performers on key positions, whereas the non-performers are being discharged from significant roles and shifted to other locations.
Salary deducted for unserved notice period not taxable: ITAT
Only salary received would be taxable, and not portions, which were deducted by a company for not serving a notice period.
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Revolut to expand global team by 40% in 2024
Revolut, the UK-based challenger bank, has announced plans to bolster its workforce by 40 per cent in 2024. The aim is to reach approximately...
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Sahana Shankar is head of India HR, Duck Creek Technologies
Duck Creek Technologies, a company that provides intelligent solutions to property and casualty (P&C) and general insurance industry, has roped in Sahana Shankar to...
No variable pay to employees with less than 60% attendance: TCS
Tata Consultancy Services (TCS) has introduced a new policy tying employees' quarterly variable pay to their in-office attendance. Now, employees with attendance below 60...
Granting childcare leave is Constitutional duty: SC
The Supreme Court recently observed that denying childcare leave or CCL to women is a violation of Constitutional Duty. It stated that childcare leave...
HDFC announced Rs 1,500 crore to staff under ex-gratia
In the wake of a remarkable performance in the fourth quarter of FY24, HDFC Bank has announced an ex-gratia payment totaling approximately Rs 1,500...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
