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80DDB India Payroll Payroll

Specified diseases and ailments for the purpose of deduction under section 80DDB.

[ 11DD ](1) For the purposes of section 80DDB, the following shall be the eligible diseases or ailments :-

(i) Neurological Diseases where the disability level has been certified to be of 40% and above:—

(a) Dementia

(b) Dystonia Musculorum Deformans

(c) Motor Neuron Disease

(d) Ataxia

(e) Chorea

(f) Hemiballismus

(g) Aphasia

(h) Parkinsons Disease

(ii) Malignant Cancers

(iii) Full Blown Acquired Immuno-Deficiency Syndrome (AIDS)

(iv) Chronic Renal failure

(v) Hematological disorders

(i) Hemophilia

(ii) Thalassaemia

(2) The certificate in respect of the diseases or ailments specified in sub-rule (1) shall be issued by the following specialists working in a Government hospital

(a) for diseases or ailments mentioned in clause (i) of sub-rule (1) – a Neurologist having a Doctorate of Medicine (D.M.) degree in Neurology or any equivalent degree, which is recognised by the Medical Council of India

(b) for diseases or ailments mentioned in clause (ii) of sub-rule (1) – an Oncologist having a Doctorate of Medicine (D.M.) degree in Oncology or any equivalent degree which is recognised by the Medical Council of India

(c) for diseases or ailments mentioned in clause (iv) of sub-rule (1) – a Nephrologist having a Doctorate of Medicine (D.M.) degree in Nephrology or a Urologist having a Master of Chirurgiae (M.Ch.) degree in Urology or any equivalent degree, which is recognised by the Medical Council of India;

(d) for diseases or ailments mentioned in clause (v) of sub-rule (1) – a specialist having a Doctorate of Medicine (D.M.) degree in Hematology or any equivalent degree, which is recognised by the Medical Council of India

Provided that where in respect of any diseases or ailments specified in sub-rule (1), no specialist has been specified or where the specialist specified is not posted in the Government hospital in which the patient is receiving the treatment, such certificate, with prior approval of the Head of that hospital, may be issued by any other specialist working full-time in that hospital and having a post-graduate degree in General or Internal Medicine, which is recognised by the Medical Council of India.

(3) The certificate from the prescribed authority to be furnished along with the return of income shall be in Form No. 10-I

Click here to download notification



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Payroll

Chandigarh Labour Welfare Fund Amendment

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The Central Government extends the applicability of Punjab Labour Welfare Amendment Act,2014 to the Union territory of Chandigarh from the 10th April’2018. Click here to download Notification.

 

The modifications in Punjab Labour Welfare Fund (Amendment) Act’2014 would be as below:-

 

  1. In Sub section (1) of Section 1, after the words “the Punjab Labour Welfare Fund (Amendment) Act,2014” the words “as extended to the Union territory of Chandigarh” shall be inserted.

 

  1. In Section (2), after the words “the Punjab Labour Welfare Fund Act,1965” the words “as in force in the Union Territory of Chandigarh” shall be inserted.

 

Click here to download Notification.

 

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80C Deductions House Rent Allowance (HRA) India Payroll Payroll

Income Tax Calculator for FY 2018-19 [AY 2019-20] – Excel Download, Automated Salary Tax Calculator along + 15 other Features

Download automated Salary Tax Calculator along + 15 other Features  – Income Tax Calculator for FY 2018-19 [AY 2019-20] – Excel Download, 

Features :

  • Cost to company Automatic
  • Restructuring of allowances and CTC components
  • Income Tax  – Investment Declaration / Proofs Planing
  • House rent allowance ( HRA Rent Exemption calculation)
  • Option to add / less : PF (Employees’ Provident Fund), Employment State Insurance Scheme ( ESIS), Gratuity, Mediclaim, any other benefit, Bonus, Minwages.
  • Se-off loss / income from house property u/s 24(b) of Income Tax Act.
  • Reimbursement components bills planing
  • Get Net payment Automatically
  • Generate  salary pay slip from CTC and change payslip in excel as needs.
  • salary slip logo editable.
  • any month salary slip from excel format
  • Free download
  • Free Support

Click here to Download Automated Excel Sheet to calculate cost to company (CTC), Income Tax Calculation for financial year 2018-19 along with all investment planning (Deduction U/C VI-A)  and all Major Exemptions allowed + reimbursement  in Salary.

This sheet will allowed to planning your tax saving, make salary structure as per your choice and know the Net in hand Automatically.

have any query? mail : ssd@iptm.org.in

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Human Resource (HR) India Payroll Payroll

Net in hand salary calculator automatic in excel

Dear All,

Enclosed here automatic take home salary calculator in Excel. This is includes automatic salary structure marking and other below features:-

  1. Automatic cost to Company Calculator
  2. Automatic PF Contribution
  3. Automatic ESI Contribution
  4. Automatic income Tax Computation
  5. Automatic Wages matching
  6. Automatic professional tax (PTAX) and Labour Welfare Fund LWF calculator

If you have any query please write to us at : akumar@iptm.org.in or Call us +91 9654421288

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Net in hand automatic salary calculator in excel

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Payroll

Automated Salary Tax Calculator along + 15 other Features

Click here to Download Automated Excel Sheet to calculate cost to company (CTC), Income Tax Calculation for financial year 2017-18 along with all investment planning (Deduction U/C VI-A)  and all Major Exemptions allowed + reimbursement  in Salary.

 

This sheet will allowed to planning your tax saving, make salary structure as per your choice and know the Net in hand Automatically.

if you have any query – mail us : ssd@iptm.org.in

Thanks!!!!

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Payroll

Merging statutory compliance in one register

In order to ease with the requirement of maintaining registers under different Acts Central Govt has introduced a new Rule with the name of “Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017”. The objective behind doing this is to cut short the maintenance of different register and merging them into a consolidated register under “Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017” . The combined register would also facilitate the Inspection and the maintenance of the same electronically with less effort.

 

The registers under the below mentioned Acts are taken into consideration to substitute the same with a new registers under this rule:-

 

(i) Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (27 of 1996);

(ii) Contract Labour (Regulation and Abolition) Act, 1970 (37 of 1970);

(iii) Equal Remuneration Act, 1976 (25 of 1976);

(iv) Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 (30 of 1979);

(v) Mines Act, 1952 (35 of 1952)

(vi) Minimum Wages Act, 1948 (11 of 1948);

(vii) Payment of Wages Act, 1936 (4 of 1936);

(viii) Sales Promotion Employees (Conditions of Service) Act, 1976 (11 of 1976); and

(ix) Working Journalists and Other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act, 1955 (45 of 1955);

 

The new registers that have been substituted with the old registers are mentioned below:-

 

 

Substitution of the Register
Form A Form XV (Rule 240) under Building and other construction workers
Form XIII (Rule 75)  under Contract Labour Act
Form XIII (Rule 49) under Inter State Migrant workmen Act
Form B,Form C,Form D (Rule 48(3)) under Mines Act
Form B(Rule 51),Form B(Rule 77),Form B (Rule 77 A(2)) under the Mines Act
Form B(Rule 23(a)),Form D (Rule 23 (c)) under the Sales Promotion Employees (Condition of Services)
Form D (Rule 37 (i)under the Working Journalists (condition of Services)
Form B Form XVI(Rule 240(1)(a) ),Form XXII (Rule 240 (1) (c) ) under Building and other construction workers
Form XVII(Rule 78 (a)(i) ,Form XXIII(Rule 78 (a)(iii) under Contract Labour Act
Form D (Rule 6) under the Equal Remuneration Act
Form XVIII(Rule 52(2)(a) ),Form XXII(Rule 52(2)(d) ) under Inter State Migrant workmen Act
Form I (Rule 59) under the Mines Act
Form IV (Rule 25(2)),Form X (Rule 26(1)) under the Minimum wages Act
Form V (Rule 6) under Payment of wages (Air Transport Service),
Form III(Rule 5),Form IV A (Rule 17(1)) under the Payment of wages(mines)
Form C Form XIX,XX & XXI(Rule 240(1)(b)) under Building and other construction workers
Form XX ,XXI & XXII (Rule 78(a)(ii))under Contract Labour Act
Form XIX,XX & XXI(Rule52(2)(c)) under Inter State Migrant workmen Act
Form I,II (Rule 21(4)) under the Minimum wages Act
Form II(Rule 4(2)),Form III(Rule 5),Form IX (Rule 17(3)),Form X (Rule 18(3)) under Payment of wages (Air Transport Service)
Form I(Rule 3(1)),Form II(Rule 4),Form VI(Rule 19(3) under the Payment of wages(mines)
Form I(Rule 3(1),Form II(Rule 4(1)),Form V (Rule 18(3) ) under the Payment of wages(Railways)
Form D Form XVII(Rule 240(1)(a)) under Building and other construction workers
Form XVI (Rule 78(a)(i)) under Contract Labour Act
Form XVII(Rule 52(2)(a)) under Inter State Migrant workmen Act
Form E(Rule 48 (3)),Form C,Form D,Form E (Rule 78(1)),Form C(Rule 78(2)),Form D,Form E (Rule 78(3))under the Mines Act
Form V (Rule 26(5)) under the Minimum wages Act
Form IV (Rule 6) under Payment of wages (Air Transport Service)
Form G (Rule 37(iv)) under the Working Journalists (condition of Services)
Form E Form F(Rule 49(4)) ,Form G,Form H (Rule 53) under the Mines Act
Form E (Rule 23(d)) under the Sales Promotion Employees (Condition of Services),
Form F (Rule 37(iii)) under the Working Journalists (condition of Services)
Note:- Rule 26(1a) under the Minimum wages (Central) shall be omitted
Rule 4(5) the word and figures “Part II of Form II” the words ,brackets and figures “Register referred to in sub rule (2) shall be substituted

 

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Payroll

Furnishing of evidence of claims by employee in Form 12BB

Employees have to Furnish  Evidence of Claims in Form 12BB for Salary TDS

 

CBDT vide its Notification No. 30/2016-Income Tax dated 29-04-2016 has inserted new income tax rule 26C which requires every employee to furnish evidences of claims/deductions for salary TDS purpose in FORM 12BB. Following are the evidences prescribed for claims/deductions:

 

Sl. No

Nature of claims

Evidence or particulars

(1)

(2)

(3)

1.

 House Rent Allowance. Name, address and permanent account number of the landlord/landlords where the aggregate rent paid during the previous year exceeds rupees one lakh.

2.

 Leave travel concession or assistance. Evidence of expenditure.

3.

 Deduction of interest under the head “Income from house property”. Name, address and permanent account number of the lender.

4.

 Deduction under Chapter VI-A. Evidence of investment or expenditure.”.

Further, the Notification also prescribed new due date of furnishing TDS returns which are as under:

Sl. No.

 Date of ending of quarter of financial year

Due date

(1)

(2)

(3)

1.

 30th June 31st July of the financial year

2.

 30th September 31st October of the financial year

3.

 31st December 31st January of the financial year

4.

 31st March 31st May of the financial year immediately following the financial year in which the deduction is made”.

 

 

 

 

 

“FORM NO.12BB

(See rule 26C)

Statement showing particulars of claims by an employee for deduction of tax under section 192

1. Name and address of the employee:

2. Permanent Account Number of the employee:

3. Financial year:

Details of claims and evidence thereof
Sl. No. Nature of claim Amount(Rs.) Evidence / particulars
(1) (2) (3) (4)
1. House Rent Allowance:(i) Rent paid to the landlord

(ii) Name of the landlord

(iii) Address of the landlord

(iv) Permanent Account Number of the landlord

Note: Permanent Account Number shall be furnished if the aggregate rent paid during the previous year exceeds one lakh rupees
2. Leave travel concessions or assistance
3. Deduction of interest on borrowing:(i) Interest payable/paid to the lender

(ii)Name of the lender

(iii) Address of the lender

(iv) Permanent Account Number of the lender

(a) Financial Institutions(if available)

(b) Employer(if available)

(c) Others
4. Deduction under Chapter VI-A(A) Section 80C,80CCC and 80CCD

(i) Section 80C

(a) ……………..

(b) ……………..

(c) ……………..

(d) ……………..

(e) ……………..

(f) ……………..

(g) ……………..

(ii) Section 80CCC

(iii) Section 80CCD

(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.

(i) section……………….

(ii) section……………….

(iii) section………………

(iv) section……………….

(v) section……………….

Verification
I,…………………..,son/daughter of……………………….. do hereby certify that the information given above is complete and correct.
Place………………………………………….
Date…………………………………………… (Signature of the employee)
Designation ……………………………….…. Full Name:………………”;
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80C Deductions India Payroll Payroll

NSC Interest calculator for ay 2015-16 excel

Download Updated NSC Interest Rate Calculator in excel format which calculates NSC Interest for all the years.

 

  1. NSC – VIII Interest- 2015-16
  2. NSC – IX Interest- 2015-16

 

NSC – IX Interest- 2015-16

NSC – VIII Interest- 2015-16

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Payroll

AMENDMENTS TO THE TAMIL NADU LABOUR WELFARE FUND RULES.

GOVERNMENT OF TAMIL NADU 2015

[Regd. No. TN/CCN/467/2012-14.
[R. Dis. No. 197/2009.
[Price : Re. 0.80 Paise.
Part III—Section 1(a)

General Statutory Rules, Notifications, Orders, Regulations, etc.,
issued by Secretariat Departments.

NOTIFICATIONS BY GOVERNMENT Ex.III-1(a) (21)

LABOUR AND EMPLOYMENT DEPARTMENT

AMENDMENTS TO THE TAMIL NADU LABOUR WELFARE FUND RULES.

[G.O. Ms. No. 16, Labour and Employment (G2), 20th January 2015, ” 6,
üò, Thiruvalluvar Aandu-2046.]
No. SRO A-1(a)/2015.
In exercise of the powers conferred by sub-section (1) of Section 41 of the Tamil Nadu Labour Welfare Fund
Act, 1972 (Tamil Nadu Act 36 of 1972), the Governor of Tamil Nadu hereby makes the following amendments to
the Tamil Nadu Labour Welfare Fund Rules, 1973.
2. The amendments hereby made shall come into force on and from the date of its publication in the
Tamil Nadu Government Gazette.
AMENDMENTS
In the said Rules, in rule 11-A,-
(1) for the expression “rupees seven” occurring in two places, the expression “rupees ten” shall be
substituted; and
(2) for the expression “rupees fourteen”, the expression “rupees twenty” shall be substituted.
M. VEERA SHANMUGHA MONI,
Secretary to Government.
PRINTED AND PUBLISHED BY THE DIRECTOR OF STATIONERY AND PRINTING, CHENNAI
ON BEHALF OF THE GOVERNMENT OF TAMIL NADU

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Payroll Salary

New Bonus calculation ceiling Rs 7,000

The Cabinet on Wednesday decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers.

“The Payment of Bonus (Amendment) Bill, 2015 to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from existing Rs 3,500 was approved by Union Cabinet here,” a source said after the Cabinet meeting.

The amendment bill will be made effective from April 1, 2015. Now the bill will be tabled in Parliament for approval.

The bill also seeks to enhance the eligibility limit for payment of bonus from the salary or wage of an employee from Rs 10,000 per month to Rs 21,000.

The Payment of Bonus Act 1965 is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year.

The bill also provides for a new proviso in Section 12 which empowers the central government to vary the basis of computing bonus.

At present, under Section 12, where the salary or wage of an employee exceeds Rs 3,500 per month, the minimum or maximum bonus payable to employees are calculated as if his salary or wage were Rs 3,500 per month.

The last amendment to both the eligibility limit and the calculation ceilings under the said Act was carried out in 2007 and was made effective from April 1, 2006.

This amendment in the Act to increase wage ceiling and bonus calculation ceiling was one of assurances given by the Centre after 10 central trade unions went on one-day strike on September 2.

The government had hinted at meeting workers’ aspirations on nine out of 12 demands submitted by the unions.

@Akumar