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Showing posts from March, 2020

Leave Policy in Gujarat-State- As Per Gujarat Shop & Establishment Act-2019

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LEAVE POLICY IN GUJARAT Definition:- Leave- The Permission obtained by an Employee from his/her Employer relieving him from duty. Year- It means Calendar Year i.e January to December. Types of Leave  Casual Leave (CL) Sick Leave (SL) Privilege Leave/ Paid Leave/ Earned Leave (PL/EL)  Maternity Leave Casual Leave (CL)- Minimum No. of Leaves provided in the beginning of Calendar year by an Establishment/Employer is 7.  Sick Leave (SL)- Minimum No. of Leaves provided in the beginning of Calendar year by an Establishment/Employer is 7. [Note-To avail more than 3 SL, Employee has to submit Medical Certificate] Privilege Leave/ Paid Leave/ Earned Leave (PL/EL)- Minimum No. of Leaves provided in a year by an Establishment/Employer is calculated as for every 20 days of Employment, Employee is eligible for  1 Day Leave.  To get entitled Employee has to complete Continuous Employment of 240 Days in a year. PL shall be allowed in subsequent Calendar Year. Maternity Leave- M

TDS - TAX DEDUCTED AT SOURCE By Employer- 2019-2020

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TDS Calculation 2019-2020 In Salary Slip, there is a deduction of TDS. But when asked about it from HR or Finance team. They replied, "It's the Tax which goes with Government."  Questions which most of the Employees' have are as follows- Income Tax should deduct in March. Then, why it is deducted monthly? We are not in Taxable Income. Then, why there is a deduction?  How should we claim the tax? To answer all above queries. We need to know following points- How Taxable Income is calculated? How much tax should be deducted every month and annually? How to reduce Tax deduction? Taxable Income- To calculate Taxable Income. We need to first know Gross Earning. Gross Earning includes Every Amount which is credited in your account in the form of Salary, Bonus, Incentive, etc. But not limited to reimbursement such as Travel-Reimbursement, Mobile Reimbursement, etc. Taxable Income = Gross Earning - Deduction/ Exemption. Deduction of Tax- T

Leave Policy in Haryana State-As Per Haryana Shop & Establishment Act-1958

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LEAVE POLICY IN HARYANA Definition:- Leave- The Permission obtained by an Employee from his/her Employer relieving him from duty. Year- Means commencing on 1st day of April. Types of Leave  Casual Leave (CL) Sick Leave (SL) Privilege Leave/ Paid Leave/ Earned Leave (PL/EL)  Maternity Leave Casual Leave (CL)- Minimum No. of Leaves provided in a year by an Establishment/Employer is 7.  Sick Leave (SL)- Minimum No. of Leaves provided in a year by an Establishment/Employer is 7. [Note-To avail more than 3 SL, Employee has to submit Medical Certificate] Privilege Leave/ Paid Leave/ Earned Leave (PL/EL)- Minimum No. of Leaves provided in a year by an Establishment/Employer is calculated. For every 20 days of Employment, Employee is eligible for  1 Day Leave. [ Note-In calculating, Fraction of Half Day or more shall be treated as One Day's Leave and Fraction of less than half a day shall be ignored . ]   Maternity Leave- Minimum No. of Leaves provided in a year

Leave Policy in Delhi-State- As Per Delhi Shop & Establishment Act-1954

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LEAVE POLICY IN DELHI Definition:- Leave- The Permission obtained by an Employee from his/her Employer relieving him from duty. Year- It means Calendar Year i.e January to December. Types of Leave  Casual Leave/ Sick Leave (CL/SL) Privilege Leave/ Paid Leave/ Earned Leave (PL/EL)  Maternity Leave Casual Leave/ Sick Leave (CL/SL)- Minimum No. of Leaves provided in a year by an Establishment/Employer is 12. To get entitled of 1 Leave in a month  Employee has to complete Continuous Employment of 1 Month. [Note-To avail more than 3 SL, Employee has to submit Medical Certificate] Privilege Leave/ Paid Leave/ Earned Leave (PL/EL)- Minimum No. of Leaves provided in a year by an Establishment/Employer is 15. To get entitled of  5 Leaves in 4 months , Employee has to complete Continuous Employment of 4 Months. Maternity Leave- Minimum No. of Leaves provided in a year by an Establishment/Employer is 26 Weeks. To get entitled Female Employee has to complete Continuous E