Page 9 - Salary

Taxes taking a bite out of your salary? Use Section 197 to manage cash flow

Only payments made after submission of this certificate are eligible for lower or nil tax rate

Salaried class pours, informal workers pare pension money: PFRDA data

Contributions towards pension rose as new subscriber growth fell in April-July

SC disposes of plea seeking timely payment of salaries to medics

The Supreme Court on Wednesday disposed of a plea seeking timely payment of salary to doctors and healthcare workers, citing that the Delhi High Court was already on the matter.

Average salary increment falls to 3.6% current fiscal, says survey

Companies doled out an average salary increment of 3.6 per cent in the current fiscal compared to 8.6 per cent in the previous financial year amid the coronavirus pandemic, according to a survey. The survey by leading consultancy Deloitte Touche Tohmatsu India LLP showed that timing and potential impact of COVID-19 were the two most important factors that affected increments in 2020-21. "Organisations that had already decided their increments before the start of the lockdown in March 2020 have given a higher increment compared with others. Moreover, organisations expecting a decline of more than 20 per cent in revenue in FY 2020-21 due to COVID-19 have given much lower increments," the survey released on Monday said. A nationwide lockdown was imposed from March 25 to curb the spreading of coronavirus infections and in late May, authorities started to relax the restrictions. However, various restrictions continue in some states in the wake of rising number of coronavirus cases. ...

ixigo reinstates salaries, grants discounted ESOPs to staff as compensation

The ESOPs will result in an additional 2.3 per cent of the company's overall shareholding being given to all 150 ixigems (ixigo employees)

Fears about India's retail loan defaults overblown, says Macquarie

"the unanimous feedback has been that there has been a decline in the total loan book under moratorium from the 25-30% numbers reported as of end-May," analysts led by Suresh Ganapathy wrote in a note

The bigger impact of cuts in basic salary: Your gratuity may take a hit

If your basic and DA have been cut, total amount will be adversely impacted

Covid-19 crisis: Hindustan Unilever's crorepati club shrinks by 10% in FY20

HUL's permanent employee base in FY20, for the record, stood at 7,082, an increase of 25 per cent over the previous year.

Telangana govt to pay 50% salary to staff for third consecutive month

The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

Re-evaluate the tax regime you've chosen if your salary has changed

For different income levels, there are different break-even deduction points. If you can avail of higher deductions than that, stick to the old regime

Covid-19 crisis: Indiabulls sacks over 2,000 employees to control expenses

The attrition is in line with the process we follow every year, says company

Pune-based firm KPIT Tech gets Labour Dept notice over pay cuts up to 50%

Order asks company to follow Maharashtra directives and refrain from pay cuts or layoffs, or face strict action

Covid-19 lockdown: 70% listed firms may dip into reserves for April pay

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

After HC stay order, Kerala govt brings out ordinance to enforce salary cut

The court on Tuesday pointed out that salary is an employee's right and they have no clue of how the government will use this donated money.

Coronavirus impact: TCS not to retrench employees, freezes salary hikes

The company reported a healthy profit jump for the March quarter, but hinted at very difficult time in the first two quarters of the current fiscal due to COVID-19 crisis, including a revenue contract

How to deduct TDS against salary under new rules from April? CBDT clarifies

The circular also addresses the confusion that there cannot be a change in option by the employee during the year, coming as a relief for employers

Govt unlikely to grant any package for industry to pay workers' salaries

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.

The job protection diktat

Govt must pay for a part of the wage cost

Cash-starved small businesses defer wages amid coronavirus lockdown

India's nationwide lockdown, set to end April 14, has left millions of migrant workers stranded without any other source of income