In income tax act, what is employee audit. how do prepare employee audit questionnaire in income tax.
what are the allowances are fully taxable.
Can you help me how to differentiate employee and employer tax deductions in income tax sections.
what are ceiling limits for employer and employee in u/s 80C to 80U
From India, Bangalore
what are the allowances are fully taxable.
Can you help me how to differentiate employee and employer tax deductions in income tax sections.
what are ceiling limits for employer and employee in u/s 80C to 80U
From India, Bangalore
Dear Divya,
your question is not very clear. THere is no specific requirement for employee audit in income tax act., can you please share the relevent section under which this query is coming in.
now to the second part of your question, It has a detailed answer, Myself being a trainer in salary related income tax aspects, It covers more than 50 heads.
I would suggest to check Income Tax Ready recknor of any good author, Mr. Vinod Singhania is one of them, it has details for each section wise and head wise allowance and its taxation impact.
in case still qny query left, please feel free to post, I would be happy to reply.
Pankaj
CA
From India, New Delhi
your question is not very clear. THere is no specific requirement for employee audit in income tax act., can you please share the relevent section under which this query is coming in.
now to the second part of your question, It has a detailed answer, Myself being a trainer in salary related income tax aspects, It covers more than 50 heads.
I would suggest to check Income Tax Ready recknor of any good author, Mr. Vinod Singhania is one of them, it has details for each section wise and head wise allowance and its taxation impact.
in case still qny query left, please feel free to post, I would be happy to reply.
Pankaj
CA
From India, New Delhi
Generally Payroll Audit take place at the time of Statutory Audit and there is no spcific requirement in Income Tax.
But you can do one thing in your payroll software, itself give you the payroll audited report but you need to enter the update field of the current income tax slabs or some compaies provide you also the updation in the payroll software as per the current budget or financial year changes in the same.
Reger the Ready reconer you will get everythng.
Sanjay
From India, Mumbai
But you can do one thing in your payroll software, itself give you the payroll audited report but you need to enter the update field of the current income tax slabs or some compaies provide you also the updation in the payroll software as per the current budget or financial year changes in the same.
Reger the Ready reconer you will get everythng.
Sanjay
From India, Mumbai
Dear All, Here you’ll find attached a notes on Tax planning for 2012-13 and 13-14, use them, share them with your ideas as well. Regards, kumar.s.
From India, Bangalore
From India, Bangalore
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