What You Will Learn!
- Entire Legal & Practical Procedures in respect of TDS on Salary.
- Taxable & Exempt - salary, allowance & perquisites under Income Tax Act. Eligibility of various Deductions.
- Calculation of Tax to be deducted by employer in payroll processing.
- How to prepare quarterly TDS returns.
Description
Theoretical understanding of the Income Tax Law with Practical examples in-respect of TDS on Salary.
Calculation of Taxable / Exempt Salary.
Various Taxable / Exempt Allowance & Perquisites.
Income Tax Rules regarding- Valuation of perquisites.
Deductions available to an Employee.
Calculation of TDS in payroll processing.
Documentation & Procedures to be followed under Income Tax Act.
Preparation of quarterly TDS return.
SOPs to be followed in TDS process.
Who Should Attend!
- HR professionals
- Payroll professionals
- Accounts & Finance professionals
- Compliance / Tax professionals
