Each of the above topics can be covered in 15-30 Minutes. Therefore, to cover all the above topics, we would need at least 4-5 hours. However, you can decide the duration of training and topics you wants us to cover. We can arrange training of 2 to 4 hours as per your requirement.
Overview
We not only help in tax filing to the employees. We also take care that people should be aware of their personal Income tax. With the goal of making people aware about income tax, we have design a training for the salaried individual to give basic awareness about Income Tax in India.
We understand that nowadays people are not updated with rules and requirement under tax laws. To spread the understanding of Income Tax among the people we have designed Income Tax training of 2-4 hours to corporate employees about the Basics of Income Tax.
We normally covers following topics.- Introduction of Income tax.
- Basics of Income tax and Competent Authorities under Income tax.
- Income Tax Rates and How to calculate Income Tax.
- What is Tax Deducted at Source?
- Deduction and Exemption from Salary.
- Deductions under Total Income (Sec 80C, 80D etc.)
- Income Tax Planning. How to Save Tax?
- What is PF, PT and ESIC etc.?
- What is Form 16, Form 26AS and Form 15G & Form 15H?
- What is Income Tax Return? And Who needs to file it?
- Other source of Income (House Property, Interest, Dividend etc.)
- Reconciliation of CTC and in-hand Salary.
- Tax Calculation of Provident fund withdrawal and Gratuity lump sum.
Duration of Training
Benefits to Employees
- Tax expenditures are more than around 30% of Income and therefore it is always advisable that everyone should know how to minimise it.
- Though there are not much compliance requirement need to be done by Individuals but if they make any error in reporting or missed deadline, it can cause financial loss to them.
- Nowadays the Government wants people to be more tax compliant. Therefore, if Individual misses any exemption/deduction or commits any error in reporting, then it cost heavy financial loss to Individual.
Benefits to Employer
- Tax vigilant and tax complied employee is assets to Employer. Many a time employers have to face consequences if employees claims deductions/exemption with any forge investment proofs.
- Employees have good knowledge of Income Tax related thing then HR and Payroll department will have less burden and things will be smooth.
- It will help motivate the workforce and creates pleasant working environment.
Training will be conducted by Chartered Accountant. Faculty is having 10 years of experience Individual Taxation and has worked with BIG4s.
This is a onetime training so you can plan to give training to your existing employees and also provide training to new joiners under Induction training.
If you are interested in giving such benefits to your employees you can contact us on 83690 83141 or email us on support@mytaxbuddy.in
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