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SALARY WITHHOLDING ANNOUNCEMENT
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...- Himachal Pradesh defers salaries of CM, ministers, MLAs for six monthsHimachal Pradesh government has announced a six-month salary deferment for its Chief Minister, Cabinet Ministers, and MLAs. This measure ai...
- High salary, higher tax risk: How HRA still tilts the old vs new regime decisionMost Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need careful tax pla...
- Timothy Mellon net worth: All about Donald Trump's 'patriot friend' who donates $130 million for military salary during government shutdownU.S. President Donald Trump has received a gift from his 'friend' Timothy Mellon who has donated $130 million to help pay military official...
- Govt should allow salaried employees to choose tax regime for TDS on salary again for FY2024-25Income tax regime for TDS on salary for FY 2024-25: Many employees have already informed their companies about their choice of tax regime f...
- TDS on salary of these employees will decrease and others may get the option to join this groupTDS on salary budget 2024: The income tax slabs are proposed to be changed in the new tax regime. This will reduce the amount of TDS on sal...
- Saarthi.ai fires employees in batches, withholds salaries; cites 'investor pressure' to become profitableFounder and CEO Vishwa Nath Jha said the company has "let go" of employees in batches owing to "investor pressure" to become profitable, bu...
- India Inc can now claim deduction for Covid supportOn Friday, the government exempted recipients from taxation for financial help received from employers or others to meet Covid-19 treatment...
- Additional tax likely for MNCs importing raw materialsSome traditional companies that do not have a PE in India could also find themselves embroiled in the new tax framework, tax experts said. ...
- Companies helping Covid-hit staff in tax conundrumPaying a lifelong salary to the family member of a deceased employee, meeting the educational expenses of an employee’s children, reimbursi...
- SGX Nifty down 35 points; here's what changed for market while you were sleepingAsian stocks fell in Wednesday's trade as the cost of the US stimulus and infrastructure plans and new pandemic curbs limited investors' ri...
- India Inc seeks reintroduction of single I-T structureComplex processIndustry said that current structure had made compliance on withholding tax a complex process for employers, leading to high...
- Delay in LTC Cash Voucher Scheme notification may make it difficult to claim full benefitAlthough it has been almost a month since the scheme was announced many private sector companies have still not rolled out the scheme for t...
- COVID-19 effect: SpiceJet to pay part salaries to over 92% employees in April"As a fair measure to cater to the requirement of our employees during this complete lockdown situation, the company has devised a structur...
- Tablighi Jamaat attendees not cooperating enough with state government: Assam Health MinisterThe state government has repeatedly issued appeals to those who visited the religious meeting in New Delhi to self-declare. Of 25 COVID-19 ...
- Happy to help compute tax on Flipkart deal, taxman tells WalmartThe tax department has told Walmart that it believes it may have withholding tax liability under the law on payments made to non-resident i...
- US, UK & Singapore: Why the world wants to keep the Indian techie outIndia's vast entry-level tech labour has become a challenge for the developed countries where wages for such labour are much higher.
- HCL Technologies to invest $9 million in North Carolina centre; create 1,237 jobsHCL Technologies, which has over 8,000 people working across 15 states in the US, employs close to 1,000 people at the Cary Centre in North...
- Declare assets or go without salary: Nitish to babusThe Nitish Kumar government has decided to withhold salaries of officials and employees who fail to declare assets held in their name and n...
- Pay Commission: Need clarity on taxability of arrearsIf only partial payment is made in current financial year then the govt is required to withhold tax only in respect of amount paid in curre...
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