TaxTMI 
TaxTMI 
Certain queries regarding terms “remuneration” and “last employment held” and other matters connected therewith clarified
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....articulars of Employees) Rules, 1975 ‑ Certain queries regarding terms "remuneration" and "last employment held" and other matters connected therewith clarified Many members of the Chamber have sought its advice on the information required to be disclosed in the Schedule annexed to the directors' report pursuant to the Particulars of Employees Rules. The matter was discussed by the compan....
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....as been devised by the Chamber, two additional columns giving information not required by the law have been inserted, namely, column 5 (tax deducted at source) and column 6 (net remuneration after tax). Whilst disclosure of this additional information is recommended, members may choose, in appropriate circumstances, not to give this information. If there is any doubt, members are advised to consul....
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....y to the Superannuation Fund, wherever applicable. 2. The employees are entitled to leave travel allowance, gratuity, health insurance benefit, housing or rent subsidy, etc., in accordance with the company's rules. Some employees are provided with free or subsidised accommodation on a furnished/ unfurnished basis. 3. The total remuneration for employees listed above would exceed Rs. 3,000 pe....
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....ll names to be included in the form and should appear alphabetically, irrespective of the amount of salary or designation. 3. The amounts indicated under the head "Remuneration received" should be the amounts received by an employee in cash, i.e., salary, dearness allowance, bonus, commission paid in cash and house rent subsidy. Therefore, contribution to provident fund, gratuity fund, superann....