Module 2 Compensation & Benefits


  • 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