trchhabria

"Hi, Though there is no limit for HRA, the same should be fixed to provide maximum benefit to employees within the exemption on HRA under Section 10 of the Income Tax Act. The relevant provisions under the IT Act, along with examples, are as follows: The minimum of the following is available as an exemptio" ... (more)

"The CTC to the company also includes Rs. 300 contributed by the company towards the company’s share of PF. Thus, the total CTC to the company becomes Rs. 10,000. After deducting Rs. 300 each as employees' and employers' contributions to PF, the net payment of the salary is correctly paid as Rs" ... (more)

"Enclosing a file containing information on 12 labor laws that are helpful to HR professionals. I hope you will find them useful. TR Chhabria 09818444595" ... (more)

"The IT Act is not specific on the various queries raised, but the intention of the Act is that all the expenses incurred by an employee on transfer; obviously, while on transfer, the employee will carry his (including family) belongings and household goods to another place/station. Any amount receive" ... (more)

"It is better to synchronize the leave cycle with the financial year (FY) of the company as it facilitates the calculation of the company’s liability towards leave encashment, considering the accounting standards followed by the company. When the leave cycle is based on a calendar year, leave du" ... (more)

"Every employee in an organization has a different role. In order to achieve the organizational goals, it is important to appraise the performance of employees in the organization. There are various methods to appraise the same. A very simple and old method is writing confidential reports by a senio" ... (more)

"An employee is paid all the salary (Basic pay) and all other emoluments e.g. DA, HRA, etc. forming part of Gross salary during the period he proceeds on leave. During the leave period, the employee remains receiving the full salary. On the same analogy, when he gets his leave encashed, he should be pai" ... (more)

"The pay for all practical purposes is Basic Pay. All other allowances e.g. DA, HRA, CCA, Conveyance allowance, LTA, Medical allowance, etc. are in the nature of compensatory allowance for meeting expenses on account of increase in cost of living (DA) or are of the reimbursement nature e.g. House rent" ... (more)

"The workers are employed and paid for by the contractor. Your company has contracted with the contracted for supply of a specified number of workers on a specified amount. As such in no way these workers are direct employees of your company. Therefore, their names should not appear in the company’" ... (more)

"Lucky. Getting rid of an employee at his own instance rather than terminating his services. Termination of service is not so simple as you have to prove his non sincerity, irregularity in work, misbehavior apart from chances given to him for improving. In the organization’s interest and as a goo" ... (more)

"Hi, Salary for all purposes need to be calculated calender month wise i.e. 1st to 30/31st of the month. It synchronizes with the quarterly/half yearly/annual closing of the accounts of the company. If salary is calculated in between the month say 26th to 25th, at the time of every closing of accounts" ... (more)

"It does not appear to be a big problem. First of all let’s have a re-look on the targets allocated to him. These targets should not be lesser than his peer level and equal market potential/opportunities available to him under his area of working. Secondly, some senior functionary in your organizatio" ... (more)

"It is advisable to calculate Privilege/Earned leave synchronizing with the Financial Year of the company (in your case from Jan to Dec) as it will facilitate the company for making provisions out of the current years profits on account of Privilege leave encashment payable to employees at the time o" ... (more)

"Greetings Amit, Though you have not mentioned anything about your qualification, job etc. The suggestions given by your well wishers above are very good and need to be acted upon in phased and systematic manner. It also appears that you lack confidence in you which should be built strongly through variou" ... (more)

"The employee who remains absent on Saturday (though half-working day) means he has not reported for duty on that particular day (Saturday) as such will be treated as absent for the day i.e. one day. TR Chhabria Mob: 9818444595" ... (more)