Key Highlights of the Union Budget 2021-22 This year’s budget lays focus on the six pillars for reviving the economy. Health & Wellbeing Physical & Financial Capital and Infrastructure Inclusive Development for Aspirational India Reinvigorating…

Income Tax Proposals The ‘tax audit limit’ under Section 44AB has been increased from Rs.5 crores to Rs.10 crores where 95% of business transactions are done in digital mode. Delay in remittance of employee share…

Introduction Currently, employee pay structures in terms of basic pay and allowances are not standardised across organisations. There are multiple ranges of basic pay prevailing. New Wage Code The government has come out with new…