Perquisites 120118000918-phpapp01
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This document discusses various types of compensation and perquisites provided by employers to employees. It defines compensation as the total monetary and non-monetary pay given to an employee in return for work. Compensation includes salary, commissions, bonuses, and various allowances and benefits. Perquisites are additional benefits given to employees such as housing, transportation, loans, insurance, and services of personal staff paid by the employer. The document provides details on calculating the taxable value of common perquisites like housing and car usage.
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Different types of allowances
Different types of allowances paid to employees are discussed. The key allowances mentioned include Dearness Allowance, which is calculated as a percentage of basic salary to offset inflation, House Rent Allowance to help cover rental costs, and Conveyance Allowance for transportation expenses. Other allowances mentioned are City Compensatory Allowance, Foreign Allowance, Children Education Allowance, and Medical Allowance. The tax treatment of each allowance is also briefly covered.
Perquisites
The document discusses various types of perquisites that are taxable in the hands of an employee. It defines perquisites as casual emoluments or benefits provided to an employee in addition to their salary. Some key points include:
- Rent-free accommodation provided by the employer is taxable as a perquisite. The taxable amount depends on factors like location and whether the property is owned or rented by the employer.
- Other common taxable perquisites include utilities like gas, electricity and water paid by the employer, as well as facilities like transport and education for employees' families.
- There are certain exemptions, like a fixed allowance of up to Rs. 100 per child for education or Rs. 300
Dearness Allowance
The Dearness Allowance is a cost of living adjustment allowance paid to government employees, public sector employees, and pensioners in India to mitigate the impact of inflation. It is calculated as a percentage of the basic salary or pension that increases along with rises in the consumer price index. The Dearness Allowance was introduced after World War 2 and has been revised over time by various pay commissions to account for inflation and be paid out twice yearly.
Employee allowances - compensation management - Manu Melwin Joy
Allowance is a sum of money paid regularly to a person, typically to meet specified needs or expenses. Allowances are generally calculated on basic salary.
Allowances
This document discusses various types of allowances provided by employers to employees. It outlines allowances that are fully taxable, fully exempted, and exempted up to a specified limit. Fully taxable allowances include dearness allowance and family allowance. Fully exempted allowances include those from the United Nations. Allowances exempted up to a limit include house rent allowance, transport allowance, children education allowance, and hills allowance. The document also discusses categories for allowances and calculating tax exemptions for house rent allowance and entertainment allowance.
Allowance ppt
An allowance is additional compensation provided by an employer beyond an employee's regular salary. Allowances can be categorized as taxable, partly taxable, or non-taxable. Taxable allowances include dearness allowance, entertainment allowance, and overtime allowance. Partly taxable allowances include house rent allowance, medical allowance, and conveyance allowance. Non-taxable allowances are those provided to government servants serving abroad and allowances for judges.
Salary Taxation Computation
The document provides a comprehensive overview of salary computation and taxability under the Indian Income Tax Act. It defines salary and outlines what types of payments are included as salary for tax purposes. It discusses the tax treatment of various allowances that may be received as part of compensation, categorizing them as fully taxable, partially exempt or fully exempt. The document also provides an example calculation of gross salary for an individual receiving various payments and allowances. The summary covers the key aspects around definitions, tax treatment of common allowances, and includes an example calculation.
Rent Free Accomodation ppt
This document discusses rent free accommodation provided by employers and its taxation. It defines rent free accommodation and provides rules for valuation of unfurnished, furnished and accommodation provided at concessional rent. For unfurnished accommodation, taxable value is a percentage of salary based on city population size. Furnished accommodation value includes furniture costs. Concessional rent value is the difference between market rent and amount paid. Exceptions for certain government employees are also outlined.
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Different types of allowances
Different types of allowances paid to employees are discussed. The key allowances mentioned include Dearness Allowance, which is calculated as a percentage of basic salary to offset inflation, House Rent Allowance to help cover rental costs, and Conveyance Allowance for transportation expenses. Other allowances mentioned are City Compensatory Allowance, Foreign Allowance, Children Education Allowance, and Medical Allowance. The tax treatment of each allowance is also briefly covered.
Perquisites
The document discusses various types of perquisites that are taxable in the hands of an employee. It defines perquisites as casual emoluments or benefits provided to an employee in addition to their salary. Some key points include:
- Rent-free accommodation provided by the employer is taxable as a perquisite. The taxable amount depends on factors like location and whether the property is owned or rented by the employer.
- Other common taxable perquisites include utilities like gas, electricity and water paid by the employer, as well as facilities like transport and education for employees' families.
- There are certain exemptions, like a fixed allowance of up to Rs. 100 per child for education or Rs. 300
Dearness Allowance
The Dearness Allowance is a cost of living adjustment allowance paid to government employees, public sector employees, and pensioners in India to mitigate the impact of inflation. It is calculated as a percentage of the basic salary or pension that increases along with rises in the consumer price index. The Dearness Allowance was introduced after World War 2 and has been revised over time by various pay commissions to account for inflation and be paid out twice yearly.
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Allowance is a sum of money paid regularly to a person, typically to meet specified needs or expenses. Allowances are generally calculated on basic salary.
Allowances
This document discusses various types of allowances provided by employers to employees. It outlines allowances that are fully taxable, fully exempted, and exempted up to a specified limit. Fully taxable allowances include dearness allowance and family allowance. Fully exempted allowances include those from the United Nations. Allowances exempted up to a limit include house rent allowance, transport allowance, children education allowance, and hills allowance. The document also discusses categories for allowances and calculating tax exemptions for house rent allowance and entertainment allowance.
Allowance ppt
An allowance is additional compensation provided by an employer beyond an employee's regular salary. Allowances can be categorized as taxable, partly taxable, or non-taxable. Taxable allowances include dearness allowance, entertainment allowance, and overtime allowance. Partly taxable allowances include house rent allowance, medical allowance, and conveyance allowance. Non-taxable allowances are those provided to government servants serving abroad and allowances for judges.
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The document provides a comprehensive overview of salary computation and taxability under the Indian Income Tax Act. It defines salary and outlines what types of payments are included as salary for tax purposes. It discusses the tax treatment of various allowances that may be received as part of compensation, categorizing them as fully taxable, partially exempt or fully exempt. The document also provides an example calculation of gross salary for an individual receiving various payments and allowances. The summary covers the key aspects around definitions, tax treatment of common allowances, and includes an example calculation.
Rent Free Accomodation ppt
This document discusses rent free accommodation provided by employers and its taxation. It defines rent free accommodation and provides rules for valuation of unfurnished, furnished and accommodation provided at concessional rent. For unfurnished accommodation, taxable value is a percentage of salary based on city population size. Furnished accommodation value includes furniture costs. Concessional rent value is the difference between market rent and amount paid. Exceptions for certain government employees are also outlined.
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It summarizes that retrenchment compensation up to Rs. 500,000 is tax exempt. For provident funds, statutory and recognized funds provide various tax exemptions while payments from unrecognized funds are partially taxable. Perquisites are taxable benefits provided in addition to salary, and some like rent-free housing are taxable for all employees while others only for specified employees.
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Perquisites & allowance
1. Allowances can be fully exempted, fully taxable, or partially taxable depending on the type of allowance. House Rent Allowance is partially taxable with an exempted amount based on rent paid, salary, and location.
2. Perquisites include non-monetary benefits provided by employers like rent-free housing, cars, food, gifts, etc. Some perquisites are fully exempted from tax while others are fully or partially taxable depending on employee type and conditions.
3. For specified employees like directors, perquisites related to rent-free housing, cars, domestic servants are fully taxable based on prescribed valuation methods even if used for official purposes. Perquisites are valued
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This document discusses different types of allowances provided to employees and their tax treatment under Indian income tax law. It categorizes allowances into three types: fully exempted, fully taxable, and partially taxable allowances. Fully exempted allowances include those received by government employees posted abroad and allowances of high court and supreme court judges. Fully taxable allowances include dearness allowance and entertainment allowance of non-government employees. Partially taxable allowances include house rent allowance, travel allowance, and education allowance, with the exemption amount depending on actual expenditure or specified limits. Detailed calculations are provided for determining the taxable portion of house rent allowance and entertainment allowance.
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The document defines perquisites as any non-cash benefits provided by an employer to employees in addition to a cash salary. Perquisites are also known as fringe benefits and can include employer-provided housing, cars, health insurance, club memberships, and other assets or services. The document outlines what perquisites are taxable in India, including rent-free housing, cars, interest-free loans, and more. It provides guidance on how to calculate taxable amounts for different perquisites such as housing and vehicle usage. Certain perquisites like medical reimbursements up to 15,000 rupees are fully exempted from tax.
House rent allowance
House Rent Allowance (HRA) is an allowance provided by employers to employees to help cover accommodation expenses. HRA is considered part of taxable salary income. To claim exemption on HRA under income tax, the employee must pay actual rent and provide valid rental receipts. The exemption amount is the minimum of the actual HRA received, 50% of salary (40% outside major cities), and the excess rent paid over 10% of salary. HRA exceeding the exempt amount is taxable. An example is provided to demonstrate the HRA exemption calculation.
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The document discusses various aspects of taxable salary income under the Income Tax Act in India.
1) Salary includes wages, allowances, bonuses, commissions, perquisites and other monetary payments received from an employer. Salary is taxable on an accrual basis at the place of employment.
2) Perquisites include benefits provided by employers such as rent-free accommodation, gas, electricity, water, free education for employees' children, interest-free loans, etc. Most perquisites are valued at a percentage of the employee's salary for tax purposes.
3) Some exemptions are provided for leave travel allowance, gratuity, encashment of leave salary, retrenchment compensation, pensions,
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Salary includes remuneration received for personal services under a contract of employment. For income to be categorized as salary, there must be an employer-employee relationship. Salary is taxable on a due or receipt basis, whichever is earlier. Components of taxable salary include basic salary, bonuses, commissions, allowances, perquisites, and profits in lieu of salary. Certain allowances such as transport, house rent, and leave travel are partially or fully tax exempt. Perquisites include benefits provided by employers and are taxed as salary. Specified employees who are directors, substantial interest holders, or high salary earners face additional taxes on perquisites.
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This document discusses various aspects related to salary income under the Income Tax Act. It begins by defining salary and its components such as basic pay, dearness allowance, commissions etc. It then discusses the tax treatment of various allowances that are part of salary such as house rent allowance, entertainment allowance etc. The document also covers provident fund and its taxability. Finally, it discusses the concept of perquisites or benefits provided in addition to salary and their valuation for tax purposes.
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Rewards and bonuses go a long way in employee retention and boost the productivity of the workforce. So, with the help of this complete deck of Workers Allowance Management PowerPoint Presentation Slides, go ahead and plan the perfect schedule for employee allowance of your organization. The human capital is the most important input of a business and these work allowance templates help you create a balance between personal goals and those of the business establishment. The various expenses covered under this employee allowance system presentation are accommodation, benefits like food, clothing and travelling expenses. Managing an employee allowance system is an ordeal because you not only have to allocate resources properly but also ensure that the expenditure remains within the allocated budget. Thus, this deck of allowance management slides is a must have for the smooth running of your business. So, without further pondering, download these slides at the click of a button! Firm up alliances with our Workers Allowance Management Powerpoint Presentation Slides. You will cement enduring bonds.
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1. The document discusses various types of salaries, allowances, and perquisites received by government and non-government employees and their tax treatment.
2. It provides details on tax exemption limits and calculations for leave encashment, gratuity, pension received during employment or post-retirement, voluntary retirement compensation, and retrenchment compensation.
3. The document also summarizes different types of allowances received by employees, specifying which allowances are fully or partially tax exempt and which allowances are fully taxable. Exemption limits are provided for various allowances.
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1) Income from salary includes any remuneration received for services rendered to an employer.
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The document discusses various aspects of taxation related to salaries in India such as taxation of retrenchment compensation, provident funds, perquisites, and more.
It summarizes that retrenchment compensation up to Rs. 500,000 is tax exempt. For provident funds, statutory and recognized funds provide various tax exemptions while payments from unrecognized funds are partially taxable. Perquisites are taxable benefits provided in addition to salary, and some like rent-free housing are taxable for all employees while others only for specified employees.
The document also covers topics like voluntary retirement schemes, superannuation funds, health insurance premiums paid by employers, and various tax exemptions for allowances like education, food
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1. Allowances can be fully exempted, fully taxable, or partially taxable depending on the type of allowance. House Rent Allowance is partially taxable with an exempted amount based on rent paid, salary, and location.
2. Perquisites include non-monetary benefits provided by employers like rent-free housing, cars, food, gifts, etc. Some perquisites are fully exempted from tax while others are fully or partially taxable depending on employee type and conditions.
3. For specified employees like directors, perquisites related to rent-free housing, cars, domestic servants are fully taxable based on prescribed valuation methods even if used for official purposes. Perquisites are valued
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The document defines perquisites as any non-cash benefits provided by an employer to employees in addition to a cash salary. Perquisites are also known as fringe benefits and can include employer-provided housing, cars, health insurance, club memberships, and other assets or services. The document outlines what perquisites are taxable in India, including rent-free housing, cars, interest-free loans, and more. It provides guidance on how to calculate taxable amounts for different perquisites such as housing and vehicle usage. Certain perquisites like medical reimbursements up to 15,000 rupees are fully exempted from tax.
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The document discusses various aspects of taxable salary income under the Income Tax Act in India.
1) Salary includes wages, allowances, bonuses, commissions, perquisites and other monetary payments received from an employer. Salary is taxable on an accrual basis at the place of employment.
2) Perquisites include benefits provided by employers such as rent-free accommodation, gas, electricity, water, free education for employees' children, interest-free loans, etc. Most perquisites are valued at a percentage of the employee's salary for tax purposes.
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Did you know you can get tax benefit on paying rent. This presentation explains what is HRA and how you can claim it to save tax.
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Salary includes remuneration received for personal services under a contract of employment. For income to be categorized as salary, there must be an employer-employee relationship. Salary is taxable on a due or receipt basis, whichever is earlier. Components of taxable salary include basic salary, bonuses, commissions, allowances, perquisites, and profits in lieu of salary. Certain allowances such as transport, house rent, and leave travel are partially or fully tax exempt. Perquisites include benefits provided by employers and are taxed as salary. Specified employees who are directors, substantial interest holders, or high salary earners face additional taxes on perquisites.
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This document discusses income from salaries under the Indian tax system. It defines salary as remuneration received by an individual for services rendered to an employer. Salary can be paid by individuals, firms, companies or government bodies. It includes basic pay, allowances like HRA and DA, perquisites, retirement benefits, bonuses and commission. These elements are all fully taxable as salary income. The document provides examples to illustrate how to calculate total salary income for tax purposes.
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This document summarizes provisions related to taxation of salary income in India. It defines key terms related to salary such as basic salary, allowances, perquisites, and retirement benefits. It provides examples of allowances that are fully taxable, fully exempted, and partly taxable. The document also contains examples showing calculations of taxable salary income based on various components of compensation received by employees.
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This document discusses income from salary under section 12 of Pakistan's income tax ordinance. It defines salary as fixed monthly remuneration and outlines various features and scope of salary income. It also describes how perquisites, allowances, benefits and various facilities provided by employers like accommodation, conveyance, medical expenses, loans etc. are treated for tax purposes. The document further discusses provident funds and special tax rebates for senior citizens.
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This document discusses various aspects related to salary income under the Income Tax Act. It begins by defining salary and its components such as basic pay, dearness allowance, commissions etc. It then discusses the tax treatment of various allowances that are part of salary such as house rent allowance, entertainment allowance etc. The document also covers provident fund and its taxability. Finally, it discusses the concept of perquisites or benefits provided in addition to salary and their valuation for tax purposes.
Workers Allowance Management PowerPoint Presentation Slides
Rewards and bonuses go a long way in employee retention and boost the productivity of the workforce. So, with the help of this complete deck of Workers Allowance Management PowerPoint Presentation Slides, go ahead and plan the perfect schedule for employee allowance of your organization. The human capital is the most important input of a business and these work allowance templates help you create a balance between personal goals and those of the business establishment. The various expenses covered under this employee allowance system presentation are accommodation, benefits like food, clothing and travelling expenses. Managing an employee allowance system is an ordeal because you not only have to allocate resources properly but also ensure that the expenditure remains within the allocated budget. Thus, this deck of allowance management slides is a must have for the smooth running of your business. So, without further pondering, download these slides at the click of a button! Firm up alliances with our Workers Allowance Management Powerpoint Presentation Slides. You will cement enduring bonds.
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The document discusses the taxation of salaries under the Indian Income Tax Act of 1961. It defines what constitutes a salary and examines the relationship between employers and employees. It also outlines what qualifies as taxable salary components according to the Act, including basic salary, allowances, bonuses, retirement benefits, and perquisites.
Taxation
1. The document discusses various types of salaries, allowances, and perquisites received by government and non-government employees and their tax treatment.
2. It provides details on tax exemption limits and calculations for leave encashment, gratuity, pension received during employment or post-retirement, voluntary retirement compensation, and retrenchment compensation.
3. The document also summarizes different types of allowances received by employees, specifying which allowances are fully or partially tax exempt and which allowances are fully taxable. Exemption limits are provided for various allowances.
4. Finally, it lists various common perquisites provided to employees and whether they are taxable or non-taxable. Exceptions
Income from salary
This document discusses various aspects of salary income taxation in India. It defines salary and outlines what is included in salary such as wages, commission, allowances, perquisites, etc. It discusses the taxation treatment of various allowances as fully taxable, fully exempted or partially exempted. It also explains the valuation of perquisites provided by employers such as rent-free accommodation, use of cars, interest-free loans, medical reimbursements and more. The document provides detailed guidelines on calculating the taxable value of such perks.
Income from Salary
1) Income from salary includes any remuneration received for services rendered to an employer.
2) Key allowances like DA, HRA are fully taxable while some allowances receive partial exemptions.
3) Perquisites provided by employers are also taxed, including rent-free housing, cars, interest-free loans, etc. Valuation methods differ based on type of perquisite.
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This document discusses topics related to income tax, including heads of income, clubbing of income, and set off and carry forward. It covers all amendments made up to the 2008 Finance Act. The author aims to upload case studies to help final year students and disclaims any responsibility for errors, though every effort was made to avoid them. Medical expenses incurred by an employer for an employee's treatment are exempt up to certain limits depending on where the treatment occurs and the employee's gross total income.
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This document discusses topics related to income tax, including heads of income, clubbing of income, and set off and carry forward. It covers all amendments made up to the 2008 Finance Act. The author aims to upload case studies to help final year students and disclaims any responsibility for errors, though every effort was made to avoid them. Medical expenses incurred by an employer for an employee's treatment are exempt up to certain limits depending on where the treatment occurs and the employee's gross total income.
Group 4
The document discusses various aspects of salary income that are taxable under the head "Salaries" in India. It provides details on the tax treatment of items like basic salary, allowances, bonuses, leave encashment, pension, provident fund, and perquisites. Some key points covered are:
- Salary is taxable on a due or receipt basis, whichever is earlier.
- Allowances like DA, HRA and perquisites are included in taxable salary after any applicable exemptions.
- Leave encashment, gratuity and pension receive partial or full tax exemption depending on if the employee is in government or private sector.
- Perquisites provided to employees like rent-free housing and cars are
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This document discusses topics related to income tax, including heads of income, clubbing of income, and set off and carry forward. It covers all amendments made up to the 2008 Finance Act. The author aims to upload case studies to help final year students and disclaims any responsibility for errors, though every effort was made to avoid them. Medical expenses incurred by an employer for an employee's treatment are exempt up to certain limits depending on where the treatment occurs and the employee's gross total income.
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The document discusses various aspects of income tax in India such as residential status, types of income, tax rates, deductions, and allowances. It provides definitions for key terms, outlines the process for determining residential status, and specifies tax treatment and exemptions for different types of income like salary, gratuity, pension, and perquisites. The document also details income tax slabs and surcharge rates for individuals, HUFs, firms, and companies.
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The document discusses taxation of salaries for employees. It notes that income from salaries includes basic pay, dearness allowance, commissions, bonuses, taxable allowances, perquisites, leave encashment, and contributions to retirement funds. It outlines the key allowances given to employees and the tax treatment of house rent allowance, special allowances as per section 10(14), and fully taxable allowances. The document provides guidance on calculating income from salaries and the exemptions available.
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This document discusses the key differences between allowances and perquisites provided by employers to employees. Allowances are a fixed amount given to employees periodically to cover job-related expenses. They are considered part of salary and fully taxable. Perquisites are non-monetary benefits like company cars or housing provided for free or at reduced costs. Only specified employees like directors pay tax on certain perquisites. The document provides examples of allowances like Dearness Allowance and examples of taxable and non-taxable perquisites.
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This document discusses various taxable and partly taxable allowances in India. It provides details on 10 allowances that are fully taxable such as dearness allowance, entertainment allowance, and overtime allowance. It also explains 10 allowances that are partly taxable including house rent allowance, fixed medical allowance, and hill area allowance. The document discusses different types of taxable perquisites such as rent free accommodation, interest free loans, transfer of movable assets, and gifts. It specifically explains perquisites that are taxable in all cases and those taxable in specified cases only, such as use of employer-provided motor cars.
Lecture 7 salary
This document discusses the definition and taxation of salary under Indian income tax law. It defines salary as remuneration received periodically for services rendered through an express or implied contract. Salary can be received from one or more employers and includes both cash and non-cash remuneration. It discusses the tax treatment of various salary components such as allowances, perquisites, and reimbursements. It also provides details on exemptions available for certain allowances based on the type and amount.
Modified direct tax notes ppt
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Tax planning for salaried emp. 8.8.2012(final)
The document provides information about tax planning for salaried employees. It discusses the history of Indian taxation and outlines various forms of income under salary such as basic pay, allowances, bonus, perquisites, and retirement benefits. It examines tax treatment of different allowances like house rent allowance, entertainment allowance, transport allowance, and special allowances. The document also covers perquisites including rent-free accommodation, use of motor cars, reimbursement of medical expenses, and more. It provides details on calculating tax exemptions for various allowances and perquisites. Finally, it discusses some tax planning strategies like investing in a spouse's name, taking advantage of home loan tax benefits, and investing in Public Provident Fund.
ESI, PF, LWF & Gratuity
The document discusses the Payment of Gratuity Act which provides for gratuity payments to employees after 5 years of continuous service. Key details include:
- Gratuity is paid at the rate of 15 days wages for each completed year of service, up to a maximum of Rs. 3.5 lakhs.
- It is paid upon superannuation, retirement, resignation or death of the employee.
- In case of death, gratuity is paid to the employee's nominee or heirs.
- Gratuity can be partially or fully forfeited if an employee is terminated due to misconduct.
Rule of salary
This document defines taxable salary and allowances under Indian income tax law. It discusses what constitutes salary and outlines tax treatment of various common allowances such as housing, transport, education and entertainment allowances. It also summarizes valuation and taxability of various perquisites and benefits provided by employers like rent-free housing, use of cars, domestic servants, gas, electricity and water supply. The document also covers taxability of contributions to and payments from provident funds and pension plans as well as gratuity and commuted pension received by government and non-government employees in India.
Components of CTC .pptx
CTC refers to the total cost to a company for employing an individual. It includes the gross salary plus mandatory contributions to funds like PF and gratuity. CTC is always higher than the employee's take-home salary due to deductions like income tax. The document outlines various components of CTC like basic salary, HRA, allowances, PF contributions, ESI contributions, bonus, LTA and perquisites. It provides details on the tax treatment and calculation of these different components to arrive at the net salary.
Taxation issues for entrepreneurs
The document discusses various taxation issues related to entrepreneurs in India such as taxation of salary, perquisites, capital vs revenue receipts, date and place of receipt of income, and income deemed to arise in India. It provides answers to several questions on these topics with explanations.
54317688 personal-taxation-tax-management-4
This document provides a summary of key concepts in Indian income tax law. It defines terms like previous year, assessment year, assessee and the different heads of income. It discusses exemptions for items like leave encashment, gratuity and compensation received under voluntary retirement schemes. It also covers deductions available for house rent allowance and taxable allowances and perquisites for employees. It outlines income tax slabs and rates for individual taxpayers below 65 years of age, resident women and senior citizens.
Income Exempted from Tax
This document discusses various exemptions from income tax for salary income in India. It summarizes provisions related to leave salary, gratuity, pension, allowances, perquisites, provident fund and other deductions from salary that are exempt from tax. Key points include leave salary being fully tax exempt for government employees but with a maximum exemption of average salary for 10 months or Rs. 300,000 for non-govt employees. Gratuity is also exempt up to Rs. 10 lakhs. Certain allowances and perquisites like housing, medical benefits and interest-free loans are partially or fully tax exempt.
The Employees' Provident Funds presentation
To provide maximum retirement benefits and an efficient service to our members through prudent and innovative management of the fund.
Tax plannig for an employee
Taxation of a salaried employee and planning for tax saving,
Tax saving options, how to minimize tax...
Salary Components - The ultimate tax saving hack
Ever heard about tax-saving salary components? Here is how your salary structure, which consists of several components can help reduce your tax burden.
Home loan company in gujarat
India Shelter extends loans amounts upto 10 lacs to urban households with monthly incomes (documented or undocumented) and more.To know more visit http://indiashelter.in
Compensation and Benefits
This document discusses various components of remuneration, including wages, salaries, and incentives. It defines remuneration as the monetary and non-monetary benefits provided to employees in exchange for their work. Remuneration has both financial and non-financial components, such as pay, benefits, job satisfaction, and recognition. The document also categorizes different types of wages and salaries, as well as various incentive plans that organizations use to compensate employees.
Presentation on Indian overseas bank
This document provides information on various personal and corporate banking products offered by a bank, including:
- Personal banking products like savings accounts, fixed deposits, and retail loans. Savings accounts have minimum balance requirements and offer benefits like debit cards and internet banking. Fixed deposits allow deposit of money for a set time period.
- Corporate banking products like cash credit, overdraft, and term loans for working capital and capital expenditure needs of businesses. Term loans are provided for acquisition of fixed assets up to a certain percentage of the asset value.
- MSME schemes like IOB Micro One that provide credit up to Rs. 50 lacs to micro enterprises with certain investment ceilings and interest rates lower than standard rates.
PRESENTATION Final
The document discusses home loans provided by various banks in India. It provides details on eligibility criteria like age, income, loan amount and tenure for both salaried and self-employed individuals. Interest rates for major banks like SBI, HDFC, IDBI, LIC Housing Finance and ICICI are between 9.75%-10.7%. Processing fees generally range from 0.25%-0.5% of the loan amount. HDFC and SBI offer the most competitive interest rates and tenure options making them better choices for home loans.
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3:国家专业人才认证中心颁发入库证书
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5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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Perquisites 120118000918-phpapp01
- 1. Ranjan Bedi Shrenik Shaifali Goyal Tillaram Vineet Narula Rahul Jay Patel
- 2. “Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.” - Susan M. Heath field Compensation is a primary motivator for employees. Compensation is also one of the fastest changing fields in Human Resources
- 4. Commissio ns
- 6. Casual emolument or benefit attached to an office or position in addition to salary or wages Something that benefits a man by going into his own pocket Need not be only in kind. It can be in cash. 6
- 7. Company’s House given at free of cost or rented by company given to employee at free/concessional rent. Includes: house, flat, farm house, carvan, mobile home, ship, floating structure-like boat. Step1. Unfurnished Accommodation 7 Central or State Government employees Private employees
- 8. Value of perquisites depends on Population of the city where accommodation provided. 8 Exceeding population 25 lakhs Population beyond 10 lakhs-Up to25 lakhs Population Up to 10 lakhs Owned By employer 15% salary oramount paid By company To outsider Which ever Is less Rented By company Owned By employer Rented Owned By employer Rented By company 15% of salary 10% of salary 7.5% of Salary Population as per 2001 census
- 9. Re-imbursement of expenses in respect of car (which is owned by employee and used for personal and official purpose) (amount not taxable is up to Rs. 1,200 per month for car having engine capacity of not more than 1600cc, Rs. 1,600 per month for car of above 1600cc and Rs. 600 per month for driver). Conveyance facility provided to High Court Judges and Supreme Court Judges. Conveyance facility provided to an employee to cover the journey between office and residence.
- 10. Interest-Free Loan Interest-free / concessional loan of an amount not exceeding Rs.20,000 Gift-in-kind up to Rs.5,000 in a year. Employer's contribution to staff group insurance scheme.
- 11. Sweeper, gardener watchman personal assistant paid by employer is perquisites to the extent of cost to the employer. 11