View in browser
Payroll | Taxation | Compliance | Accounting
JAN 12, 2017
NEWSLETTER
Decoding Deloitte's Annual Compensation Survey
Recently, Deloitte released the much awaited Annual Compensation Survey. While the survey results are quite detailed in nature, we thought it would be a good idea to identify the top items, key trends and highlights across sectors in the Indian market in the Compensation & Benefits space. Click to read on.
more info
Updates
Payroll
IT Department’s recent circular dated 2nd January 2017 adds confusion among employers on 2 Key issues. Issue 1 - PAN of Landlord, Issue 2 - 80EE not mentioned.
   
Employers are now required to issue Form 12BB to each employee in addition to Form-16 + Form-12BA. Made mandatory under Rule 26B(2).
Compliance
EPFO Introduces a new registration process for each new employee - Expects to confirm previous employment or declare this as first time employment.
   
ESI Limit raised from Rs.15,000 to Rs.21,000 w.e.f Jan 01, 2017. ESI also launched SPREE - a one time amnesty scheme providing immunity for all establishments getting registered under this scheme.
Accounting
Last date to Migrate all existing Central Excise / Service Tax Assessees to GST is Jan 15, 2017. It’s time to get your GSTN, if not got already.
   
Direct Tax Dispute Resolution Scheme which was extended, ends on Jan 31, 2017. This scheme helps reduce litigations, provides immunity and helps organizations reduce tax defaults.
Taxation
For Form 24Q Q4 e-Return, additional details are mandatory in “Salary Details” if house rent paid is above Rs 1,00,000 for the financial year.
   
Filing of E-TDS returns is due this month, on or before Jan 30, 2017.
FROM OUR BLOG
10 Points Every Entrepreneur Must Know About Finance And Accounting
More than half of the entrepreneurs never realise that their choice of an accountant is the key to data driven decisions & better financial decisions.
more info
How To Maintain Data Security In Payroll
It goes without saying that Payroll and confidentiality has to always be in sync with one another. No business, big or small, wants to be the victim of a data breach.
more info
EVENTS
Jan 14
Startup Saturday: Validating Your Startup Idea
SAP Labs, Bangalore
Jan 19
6 Degree Talks
College Of Engineering, Guindy, Anna University, Chennai
Who
we are
At Relativity, we impact and improve our clients’ pace towards success, focusing on challenges in HR and Finance domain. Our exemplary services in Payroll, Accounting, Taxation and Compliance for nearly a decade continues to be the crux behind many successful businesses.
We Like to be
Followed
 
phone 1800 - 1033 - 829
email [email protected]
Unsubscribe   |   Forward to a friend
 
Copyright 2015 | All Rights Reserved - We respect your Privacy