Hi,

Below is the current breakup of salary in our company

CTC PER ANNUM 2100000
CTC PER MONTH 175000
SALARY STRUCTURE
Basic & DA 87500
HRA 35000
Conveyance 800
CCA 23018
Total [A] 146318

STATUTORY BENEFIT
PF Employer's Contrib 10500
Gratuity 3640
Total [B] 14140

MONTHLY REIMBURSEMENT
Medical Reimbursement 1250
LTA 7292
Fuel Reimbursement 6000
Total [C] 14542

GRAND TOTAL [A+B+C] 175000

As most of the employees are high salaried persons in our company, I want to know whether we can give any more exemptions to employees like food coupons, driver salary, vehicle maintenance etc.

If we can,please let me know the maximum amount we can give on food coupons, drivers salary and vehicle maintenace.

Kindly help me out in this regard.

what type of expenses are covered under the head travelling expenses in relation to a company

Dear sir presently i am working in a ca firm as a articled clerk.I got myself involved in this firm since 20th october.Since then i have been working in a pvt ltd continously and there i only vouch the cash voucher,bank voucher.Sometime ledger verification is done by me.Sir i am getting bored with this stereo type job.So sir i want to know the job area which i should learn.If you kindly inform me the area where a chartered accountant should have command then i can request my principal for those job being taught.

hello frnds
i hv a doubt which relates to refund of TDS.

The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???

Awaiting ur reply

Regards
Sangita

pls..help me, recently delhi court has been held that service tax is not applicable to lease for business...is it applicable in Andhra pradesh

Dear Sir,

We had booked bill raised in year 08-09. This party had made some deductions on account of TDS and some more deductions. But teh party did not share this information with us and balance remained in our books in the name of the party. Later on recionciliation of their account, we were intimated that due to mistakes in providings services this amount had been deducted and debit note were raised in our names. Now how these debit notes are to be accounted for in our books. Should we reverse the revenue recognised or we should the loss incurred seprately or as discount?

i want the provisions regarding signing of balance sheet by auditors. Is there any provision in the companies act, 1956 or not?

Pl confirm me asap

Commission referred in Section 17(1) of the Income Tax Act, 1961 is contractal or non- contractual..

hello frnds
i hv a doubt which relates to refund of TDS.

The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???

Hi
I would like know if I booked Intl tour package with travel agent I need to pay service tax i heard about service tax exemption for International tourpackages