TDS course – A salaried employee can opt to pay tax under the alternative tax regime for the financial year 2023-24 as provided by the Finance Act, 2023. Under the alternative tax regime, tax liability is lower, but a few tax incentives have been blocked. This workshop is organised to discuss whether (or not) a salaried employee should opt for the regular tax regime or alternative tax regime.
Besides, the workshop will discuss TDS on salary, remuneration planning, perquisite taxation, taxation of retirement benefits under the old and new tax regime.
Discussions would also be on TDS provisions (as amended up to December 10, 2023) under sections 192A, 194, 194C, 194-I, 194-IA, 194-IB,194J, 194K, 194M, 194N, 194-O and 195.
💼 TDS on Salary under Section 192
-
Obligation of employer under section 192: Estimation of employee salary
-
New perquisite valuation rules for rent-free accommodation/concession in rent
-
Other incomes of employees to be included for TDS; losses declared by employees
-
Use of Form No. 12BB and Form No. 12BA
-
Preparation of Form No. 16 in varied scenarios (employee joining/leaving mid-year, reporting other incomes/losses)
-
Employer’s responsibility for relief under Section 89 and deductions under Sections 80C to 80U
-
Employee’s obligation to provide documentation for deductions and additional income
-
TDS and taxation on retirement benefits: gratuity, leave encashment, PF, pension, VRS
📄 TDS on Payments Other Than Salary
-
Applicable sections: 192A, 194, 194C, 194-I, 194-IA, 194-IB, 194J, 194K, 194M, 194N, 194-O, and 195
-
Consequences of TDS defaults
📊 Remuneration Planning Under Different Situations
-
Structuring remuneration to minimize tax liability
-
Restructuring salary packages based on current/future tax rules
-
Tax implications of various perquisites (accommodation, car, education, loans, shares, travel, etc.)
-
Identifying tax-free perquisites
-
Tax planning strategies to convert taxable to tax-free or lower-tax perquisites
-
Required documentation for perquisite inclusion in TDS calculations
🔗 Useful Resources
COURSE SCHEDULE & FEES
DOWNLOAD COURSE CONTENTS
Please click the button below to download the course content. You'll need to provide your contact information to receive the document.
INCOMPANY/GROUP TRAINING REQUEST
Why Choose Our Incompany Program?
- 🎯 Tailored content specific to your business goals
- 👥 Train entire teams together, saving time and cost
- 📍 Delivered at your location or virtually
- 📅 Flexible scheduling to suit your timelines
- 📈 Increase retention and application of skills