Articles Archive for May 2010
Statutory »
As per notification from Goverment of India Ministry of Labour and employment ,ESI wages ceiling limit has been increased from current limit 10000.00 to 15000.00, These changes take effect from 01.05.2010, You can download the notification from ESIC website.
This decision will cover more employees under the scheme, Employer will have an extra compliance burden for deducting esi contribution and will have to pay extra expenses towards esi employer contribution for staffs getting salary from 10000 to 15000 apart from previous contribution up to 10000
TDS »
Under Tax deduction at source scheme ,as prescribed in income tax act every person is responsible for payment of any specified sum to any person is required to deduct tax at source and deposit it with central govt with in specified time. if prescribed limit of payment do not exceed there is no need for deduction of tax
In the Budget 2010-11 , it is proposed to increase the threshold limit in sections 194B,194BB,194C,194D,194H,194I,and 194 J to reduce the tax burden of tax payers. There is no change in tax rate …

