Human Resource Accounts Finance Payroll Compensation & Benfits Accounts with ERP Tally 9 Introduction to incorporating a company Labor Laws Income Tax and TDS Accounting Standards & Revised Schedule VI Statutory regulations PF, ESI, PT, Gratuity, Bonus.. Indirect Taxation VAT, CST, ST, Excise, Customs.. Presentation of financial statements

Topics Covered

Payroll • Payroll processing supported by real time exposure to the payroll software. • Designing CTC breakup as per the offer letter. • Designing break up for gross salary in view of tax exemptions & other related acts. • Designing the pay slip with all statutory & other deductions. • Preparing payroll summary. • Tax planning for employees. • Tax slab rates. • Exemptions and allowances. • Deduction on savings & Investments. • TDS Deductions, Format & Procedure for TDS Calculations. • Form 16 & ITR. • Advance Tax requirements, Calculations. • SIT & Tax Calculations. Taxation 1 Provident Fund Calculation 2 Professional Tax Calculation 3 ESI Calculation 4 Income Tax and TDS 6 Computation of Tax for individual & filling of ITR 2 • Updating employee's database for new joinees & discussion on settlement process/ F & F. • Discussion on some formats like offer letter, Appointment letter, Relieving letter, Experience letter & confirmation letter. • Eligibility Criteria for EL, CL & SL, Leave policy, Calculations, deductions & reimbursement. • TDS on Professional consultancy services, Rent payments, Contract Payment, formats & payment challans. You'll have in-depth knowledge on all the areas of PF, ESI, PT, Payroll structure, Calculations Forms, Formats & Due dates,etc., including Income Tax, TDS & Tax Planning for employees up to Form 16, Form 16A and CTC designing. Taxation KVAT (KARNATAKA VALUE ADDED TAX ACT) & CST ACT SERVICE TAX TDS - Tax deducted @ Source Computation of tax Deduction and monthly remittance of Tax Annual return Generation of Form 16 and Form 16 A Computation of Profession Tax Monthly payment and return preparation Compilation of data for filing the monthly returns – Input VAT - Purchases. – Output VAT - Sales. – Eligibility for claiming of vat credit on specific products. – CST Tax, Form C, Form H • Verification of Records on purchases, sales with before filing of Monthly return to be filed with the department. • Preparation of Challans for the remittance of the Vat tax with challans - VAT 152 & 153 form. • Filing of the Monthly/Quarterly/Annual returns to the department. All the above tax computation will be trained in real corporate scenarios with valid registration and login credentials.

Who should attend

Graduate / Post Graduates

Pre-requisites

Nothing

What you need to bring

Course material will be provided

Key Takeaways

Knowledge