Module 2 Compensation & Benefits
(1) SALARY ADMINISTRATION
- Salary Structuring- As per the latest Income Tax Act, 1961
- Monthly Salary Components-Annual Benefits-Retrial Benefits (All Explained)
- Salary Break up and Designing CTC structure- Calculation of Gross, Net Salary
- Calculation of Overtime
- Attendance & Leave Management (CL, EL, SL, and ML), Leave Encashment rules (state wise)
- Preparation of Salary Sheet, Salary Advice & Reconciliation Sheet
- Monthly Pay Slip & Full n Final Settlement sheet
- PF Report, ESI Report, Professional Tax Report
- Payroll Software Training (Working of Payroll software explained)
New Wage Code- Detailed discussion and understanding its impact on salary structure New
Taxation Of Salaried Employee
- Financial Year, Assessment Year, Previous Year & Calendar Year (All Explained)
- Income Tax Slab Rate Latest
- Total Income & Taxable Income
- All Salary Exemptions u/s 10 of Income Tax Act, 1961
- Tax Exemptions of Various Allowances Tax Deduction under Chapter VI-A (80C, 80CCD, 80CCC, 80D, 80E, 80TTA, 80U, 80G, etc.)
- Prevailing Standard Deduction
- Rebate U/S 87A, Surcharge
- Education & Health Cess
- LWF Slab Rate
- PT Slab Rate
- Routine Tax Planning (Investment Declaration Form)
- TDS Certificate (Form 16)
- How to file ITR New
- How to save Tax New