Program on Employee Tax & perquisite rules

Training Calender

Date & Time
Friday, 15 October 2010 - 09.30 a.m. to 5.30 p.m.

(Registration & Breakfast: 9.00 to 9.30 am)

Venue
Hotel Atithi, Nehru Road, Vile Parle (East), Mumbai – 400 099
(Near Domestic Airport)

Rightly said - “Two things in life cannot be avoided – one is death and another is tax”. Tax affects all of us in one-way or another. However, for certain professionals like HR & finance professionals, it is essential to learn & comprehend issues relating to employee tax as a job requirement. With the recent amendments in tax laws with respect to abolition of FBT, one needs to revisit the pay structure with change in tax implications

Tax terminology & essential of salary income
- Fundamentals factors of salary income
- Salary under section 17 of the Income Tax Act
- Determination of average rate of tax for TDS under section 192 of the Income Tax Act

Perquisite rules
- Use of Motor Car
- Accommodation
- Concessional or interest free loans
- Use of moveable assets
- Transfer of moveable assets
- Medical reimbursement
- ESOP
- Superannuation Fund
- Gift Vouchers & Club Expenses
- Food & Beverages
- Travel & Tour

Remuneration planning
- Implication of FBT abolishment
- Scope & limitations of remuneration planning

Important exemptions
- Gratuity
- House Rent Allowance(HRA)
- Leave Travel Allowance
- Implications of Supreme Court Judgement CIT v/s. Larsen & Toubro Ltd. on issue of liability of the employer to maintain the supporting for LTA claim

Issues relating to liability of tax deduction at source for salary income
- Adjustments of TDS – shortfall or excess deduction of tax at source
- Notice pay implication on TDS
- Payment of TDS and penal consequences for failure to comply

Participation Level :

In general, this program is useful for HR and finance personnel at all level. However, in particular it would be more beneficial to those who are involved in issues relating to payroll, employee policies or those who want to learn/ revise fundamentals of employee tax related matters

Registration Fee :

Rs. 5,500/- plus service tax @ 10.30% totalling to Rs. 6,067/- per participant which includes refreshments, vegetarian lunch & reference material. Overnight stay arrangement, if any needs to be managed by participant. Cheque/Demand draft should be drawn in favour of “SATVAM Consulting Private Limited” payable at Mumbai. Our Income Tax PAN is AAICS5300G & Service Tax Assessee code is AAICS5300GST001
Cancellation policy: Fee paid is non refundable or not adjustable in any manner. Replacement of the participant is allowed

Nomination :

Send nomination along with the cheque and name/contact numbers/ email ids of the participants at
SATVAM Consulting Private Limited – Corporate Training Section
61, Whispering Palms Shopping Complex, Near Oriental Bank of Commerce,
Lokhandwala Township, Akurli Road, Kandivali (East), Mumbai – 400101
Telephone nos.: 022 – 6698 1100 (6 Lines)/ 022- 3256 1496 Fax : 022- 6698 1105
Email: seminar@satvam.com / seminar@satvamindia.com Website: www.satvam.com
Nomination will be confirmed on first come first serve basis on receipt of cheque/DD.

Faculty profile :

CA Jignesh Thakkar

Professionally qualified Chartered Accountant & Company Secretary

Renowned trainer on tax related topics

Has conducted 50 training programs on various subject on employee tax, remuneration planning, TDS etc.

Experience of more than 12 years which includes experience in leading corporates and acting as training faculty

In-house Training Program: If you have more than 8 employees to whom this program is relevant, we will conduct customised training programme for your company’s staff. Please contact to work out further details.

Our forthcoming programs:
• October 8 – Day to Day Labour Laws for managers
• October 9 – HR & legal issues relating to Disciplinary proceedings & employees misconduct
• October 16 – Exempted PF Trust – Legal & Tax aspects
• October 22 – Practical issues in Tax Deduction at Source (TDS)
• October 22 – Effective Interviewing Skills for HR & functional managers
• October 23 – Effective Time Management for organisational success
• October 23 – Effective Inventory Management for profit maximisation
For complete training calendar, visit our website www.satvam.com