Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
Indian start-ups raised issues, such as blockages in international wire transfers, disruptions due to threshold limits on withdrawals, lack of communication from US agencies, and the need for preferential access to credit, in a meeting with the government over the fallout of Silicon Valley Bank's collapse. Rajeev Chandrasekhar, minister of state for electronics and information technology, held a virtual meeting with over 450 members from start-ups, venture capitalists, and investors who have been directly affected by the closure of SVB. He assured them that the IT ministry would put together a list of suggestions and give it to the finance minister on behalf of start-ups.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Amazon India on Friday said it has signed an agreement with with the Directorate General Resettlement (DGR) to provide ex-service personnel with work opportunities across its network in India. With this partnership, Amazon India will continue to create fulfilling alternate career opportunities for ex-service personnel who have served the country, a statement said. The association with DGR will further enable Amazon India to mobilise the untapped potential of veterans, giving it access to a greater talent pipeline, it added.
The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.
The Union health ministry said the emerging scenario calls for immediate measures by states and UTs to ensure optimal availability of medical oxygen at all health facilities.
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The company is also looking at creating an algorithm-based talent marketplace and an internal gig workers' community. Talent Cloud will be powered by Algo Talent Development, enabling associates to move across different technologies and industry domains.
Around 38 per cent of all Internet users in India are 'heavy users' and on an average spend about 8.2 hrs per week on the Internet, according to the, I-Cube 2006 report by the Internet And Mobile Association of India and IMRB International.
RBI's oversight cadre move creates HR trouble, officers threaten agitation.
Being conservative is good, but not quite in a crisis.
'We need to confront such people else they will be encouraged to harass more women in the future,' notes HR guru Mayank Rautela.
Pinky Irani alias Angel, 53, was arrested in this case by the agency in December last year. She was recently granted bail by a Delhi court.
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
Many companies are putting HR's reputation as a back office administrator to rest by either outsourcing or automating most administrative tasks.
A growing number of firms are putting in formal policy frameworks to tap into company alumni and facilitate the return of former employees, discovers Sangeeta Tanwar.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
Are you guilty of committing these mistakes too? Indrajeit Borkakoty lists out.
A high level Pakistani delegation consisting of management gurus and representatives of major companies will take part in the first ever Indo-Pak HR Partnership Summit to be held in New Delhi from Thursday.
It's aimed at new-age sectors like e-commerce and other startups so that they can spend less time in their recruitment processes
According to a mid-year survey on 'Performance & Reward Trends' by Hewitt Associates, companies across industries are strongly differentiating rewards on the basis of performance but majority of them are not considering any layoffs or severe salary cuts in current fiscal. The survey revealed that 16 per cent of the companies surveyed have a salary freeze and were mainly organizations in the financial services, IT and ITeS sector.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
"Under the contingency plan, we are operating 50 flights across the network today," an Air India official said. From Delhi, the national carrier will be operating just 10 flights and almost an equal number from Mumbai to metro cities.
By simply being educated and acquiring a degree, you cannot earn money; you need to be skeducated. Skeducation is skill based education. Unfortunately they don't teach you this in the colleges. You got to do it yourself, advises management guru Virender Kapoor.
'Today, as a film personality, he is bigger than Dharma Productions.' 'But he is still warm and loyal to his friends from school, college and work.'
India has demonstrated a double digit growth in salary hike for the fourth year running, the highest in Asia Pacific region, with global HR consulting firm Hewitt Associates forecasting an average 14.5 per cent wage hike in 2007.
Offer of backdoor employment in various MNCs were made.
This was largely due to continued economic growth despite high energy prices, civil conflict and high inflationary pressures in Sri Lanka, the survey said. India was ranked at the top in last year's survey with a salary hike of 14.4 per cent. In this year's survey, Vietnam was ranked third with a hike of 10.3 per cent, followed by China (8.6 per cent) and Philippines (8.2 per cent).
You have to make yourself visible and create opportunities for yourself, advises Gaurav Goyal, co-founder, Scalenut.
Companies across the world have continued to send employees overseas to take advantage of business opportunities, despite a reduced budget for international assignment programs during the economic downturn, a KPMG survey says.
It is no longer an individual's problem, but one that organisations need to take cognisance of and build into their diversity and people management policies and practices.
The Karnataka High Court has refused to grant a stay on an appeal against City Civil Court's order of April 8 directing the trustees and Britannia Industries to pay the outstanding pension dues as per fund rules to the petitioners within the next two months.
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
The cost cutting measures taken by companies to tackle economic crisis, have sharply eroded morale and commitment of their employees, especially of the top performers, a study by Watson Wyatt says.
As per Hewitt's annual Salary Increase Survey 2009-10, the double-digit hike in salaries are anticipated for this year led by sectors like telecom, engineering, pharma and energy.
The XLRI School of Management, Jamshedpur, invites corporates, entrepreneurs, professionals, MBA students and undergraduate students to attend its annual festival, Ensemble 2007.
The Welingkar Institute of Management invites applications for its various two-year, full-time, management programmes.
'This is not just Make in India; this is much more than that. Right from design to delivery, everything was done in India.'
