There are so many complexities involved in the payroll process. Although the government constantly strives to simplify and rationalize the tax provisions, the processes continue to confound many. The recent tax regime changes and other legal amendments have been made for the benefit of employees and employers.
CA Amaranath A.S., Co-founder, Arush India, was at our Parichay webinar to demystify the recent payroll changes made for the financial year (FY) 2023–24. Take a quick look at the highlights before watching the session recording.
The leave encashment exemption limit (lifetime) has been increased from INR 3 lacs to INR 25 lacs
The salary threshold for Professional Tax (PT) has been revised from INR 15,000 to INR 25,000 for Karnataka State
The EPFO extended the deadline for exercising the option to contribute to a higher pension to March 3, 2023
Our guest speaker’s elaborate presentation covers the details.
WATCH THE RECORDING OF THE ENTIRE WEBINAR