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jagdish   05 April 2008 at 20:53

Difference between Acts

Dear Sirs,

I would appreicte if you'all can let me know what are the differences between the folowing Acts listed below:

1. Payement of wages act and minimum wages act.

Kindly respond.

prajesh   05 April 2008 at 18:17

80c calcuation

1. If I buy (on spouse name) MF/Bond/ELSS online, how can I claim deduction u/s 80C? How deduction will be calculated? Is it necessary to keep them more than 1yr to claim deduction? Will be complete amt. invested in a year fully exempted even if hold them for 3yr and continue investing? How tax will be calculated on sale?

2. Can I claim medical reimbursement by submitting bills from medical store? Plz elaborate

prajesh   05 April 2008 at 18:15

TDS on salary

Hi,

I'm software professional woring in software company. My salary includes basic+hra+conveyance+medical allowance+special pay+band allownace and deducation includes professional tax (Rs 200)+PF+Income tax. Of course, I'll get salary after these deduction.

I would like to know how to calcuate tax on monthly salary for cross verification? WOuld be great if you can provide me excel file/software which take information to generate tax?

Sudheer   05 April 2008 at 17:30

Leave Encashment


It is understood that PF cannot be recovered from Leave Encashment.
I want to know the effective date of amendment in the said act.

chandra   05 April 2008 at 16:59

Non-compliance of EPS1995 pension norms while calculating epf member pension

It is observed that the E.P.F.Organisations are not fully following the EPS 95 Pension norms while calculating member pension.As per FAQ NO:15 on "website" & EPS95 Law BOOK past service pension nd past service benefits uner FPS1971 are to be prepared as per age on 16-11-95 and pension slab RS;800/p.m for below 48 yrs nd Rs600/ for those between 48-52 yrs on 16-11-95 nd Rs500/p.m for24 years past service for those above 53 yrs old.And minimum under eps95 Rs335/p.m nd
nd Rs265/p.m under EFPS1971 making Rs600/p.m minimumm pension to be given for an epf pensioner having more than 10 yrs P.F membership is there n worked under both EPS95 &EFPS71.But EPFO not giving it.How we will get Justice /where to apply for getting pension as per EPS95 pension norms? Pl inform by E mail to me.. chandran61024@hotmail.com A.Chandran.,member .lawyersclubindia.com

chandra   05 April 2008 at 16:57

Non-compliance of EPS1995 pension norms while calculating epf member pension

It is observed that the E.P.F.Organisations are not fully following the EPS 95 Pension norms while calculating member pension.As per EAQ NO:15 past service pension nd past service benefits uner FPS1971 are to be prepared as per age on 16-11-95 and pension slab RS;800/p.m for below 48 yrs nd Rs600/ for those between 48-52 yrs on 16-11-95 nd Rs500/p.m for24 years past service for those above 53 yrs old.And minimum under eps95 Rs335/p.m nd
nd Rs265/p.m under EFPS1971 making Rs600/p.m minimumm pension to be given for an epf pensioner having more than 10 yrs P.F membership is there n worked under both EPS95 &EFPS71.But EPFO not giving it.How we will get Justice /where to apply for getting pension as per EPS95 pension norms? Pl inform by E mail to me.. chandran61024@hotmail.com A.Chandran.,member .lawyersclubindia.com

Rupali Ghawri   05 April 2008 at 14:56

Record Maintenance

Dear All,

As per my knowledge, we are suppose to maintain the employee personal files and other HRD records for the last eight years.
Am i correct?
Which law governs this?

Kindly advise.
Thanks,
Rupali Ghawri

lohithakshan u k   05 April 2008 at 13:18

GTAST-SERVICE TAX

PLEASE EXPLAIN THER MEANING OF NEW AMENDMENT RELATING TO GTAST IN THIS YEAR BUDGET RELATING TO ABATEMENT

Abhimanyu Soni   05 April 2008 at 12:56

EPF.................

thanks
Further to my last query, under which section it is mentioned that employee getting more than 6500 has an option for EPF

Is it necessary on the part of employee to allow any deduction under PF act.
Recently I have joined a company and there are some employees earning 25000/- per month and no deduction has been made in respect of EPF.
Upon asking, I am told that they did'nt opt for that.
Is it depends on employees discretion.

Manjunath   05 April 2008 at 12:49

Employee termination

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