Features of Payment of Bonus (Amendment) Act 2015
The salient features of the Payment of Bonus (Amendment) Act 2015 is as follows. The Parliament has passed the Amendment to the Payment of Bonus Act and the Act has received the assent of the President on the 31st December 2015. A copy of the Gazette of India dated 1.1.2016 is enclosed. The main features of the… (0 comment)

Employees Provident fund(EPF) ,EPS,EDLI its calculation&ceiling limit
Here I am discussing about the practical section of EPF  & Miscellanious Act 1952.EPF contribution calculation,ceiling limit,base of calculation,rate of contribution, exceptions & important points to be considered while doing a payroll linked with this Act. EPF is expanded as Employees provident fund.In 1952 4th March government has passed The Employees Provident Fund Act with the object… (30 comments)

Income Tax rate FY  2016-17& AY 2017-18
In the 2016 Budget, There has been no changes in the Income tax rate of FY 2015-15, The same rate will continue to follow in the Current Financial Year 2016-17 also. In the recent past Income tax rule has categorised tax payers like, Senior Citizen, Male Below 60 Years, Female below 60 years, Super Senior… (0 comment)

What is Excise Duty and excisable goods?
  Excise Duty Excise duty is an indirect  tax or duty charged on goods manufactured in India goods are intended to be produced  to sale domestically. The goods is taxable either at the time of manufacturing or  on the removal of goods, the term removal  means , moving goods from factory  to any approved location after… (0 comment)

Krishi Kalyan Cess and it’s rate
A new cess has been introduced in the Budget of 2016  for the development of Agriculture sector and utilized for the welfare of farmers in India called Krishi Kalyan cess ,apart from Swachh Bharath Cess. The rate of Krishi Kalyan cess is decided to be levied 0.5% on all taxable services. Highlights of Krishi Kalyan Cess… (0 comment)