Two days intensive program on Employee Tax (payroll) & perquisite rules Mumbai

Two days intensive program on Employee Tax (payroll) & perquisite rules

Date & Time : Friday, January 21 & January 22, 2011 – 09.30 a.m. to 5.15 p.m.
(Registration & breakfast: 9.00 to 9.30 am)

Venue : Hotel Atithi, Nehru Road, Vile Parle (East), Mumbai – 400 099
(Near Domestic Airport)

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. With the recent amendments in tax laws with respect to abolition of FBT, one needs to revisit the pay structure with change in tax implications
• Tax terminology & essential of salary income

o Fundamentals 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 amendment vide Notification No. 94/2009/F.NO. 142/25/2009-SO (TPL), dated 18-12-2009

o Use of motor car
o Accommodation
o Personal attendants
o Gas, electricity & water
o Free or concessional education
o Concessional or interest free loans
o Use of moveable assets
o Transfer of moveable assets
o Medical reimbursement
o ESOP (Employee Stock Option)
o Superannuation Fund (SAF)
o Credit card expenses
o Gift Vouchers
o Club Expenses
o Food & Beverages
o Travel & Tour
o Form 12BA – Particulars of perquisite to be attached with Form 16
• Important exemptions
o Gratuity
o House Rent Allowance(HRA)
o Leave Travel Allowance
o Leave Salary
o Provident Fund (PF) maturity
o Implications of Supreme Court Judgement CIT v/s. Larsen & Toubro Ltd. on issue of liability of the employer to maintain the supporting for LTA claim

• Remuneration planning
o Implication of FBT abolishment & new perquisite rules
o Scope & limitations of remuneration planning

• Deductions under chapter VI-A of the Income Tax Act
o Important deductions under section 80C – conditions
 Life Insurance premium
 Public Provident Fund (PPF)
 Superannuation fund
 Mutual fund
 NSC
 Principal repayment of housing loan
 Tuition fees
o Section 80CCC – Contribution for pension plan
o Section 80D – Medical Insurance
o Section 80E – Repayment of interest on education loan
o Section 80G – Deduction for donation

• 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 Payment of TDS and penal consequences for failure to comply
o Care for better compliance
o Issuance of TDS certificate

Participation Level:
In general, this program would be useful for HR and finance personnel at all level. However, in particular it would be more beneficial to those who are involved in issues relating to payroll, employee policies or those who want to learn/ revise fundamentals of employee tax related matters

Registration Fee:
Rs. 10,500/- plus service tax @ 10.30% totalling to Rs. 11,582/- per participant which includes refreshments, vegetarian 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

Cancellation policy: Fee paid is non refundable or not adjustable in any manner. Replacement of the participant is allowed

Nomination:
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)/ 022- 3256 1496 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.

Faculty profile:
CA Jignesh Thakkar

• Professionally qualified Chartered Accountant & Company Secretary
• Renowned trainer on tax related topics
• Has conducted more than 85 training programs on various subject on employee tax, remuneration planning, TDS, soft skills etc.
• Experience of more than 13 years which includes experience in leading corporates and acting as training faculty

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 to work out further details.

Our forthcoming programs:
• February 14 – Fundamentals of Labour Laws for managers
• February 14 – Handling Customer Complaints for business excellence
• February 22 – Effective Stores Management to increase profits


For complete training calendar, visit our website www.satvam.com