Payroll and Compliance - June 2017
As per Rule 31 of the Income Tax Act, the due date for Form 16 (certificate for TDS deduction on salary) was 31st May 2017. This year, the government has extended the TDS return (24Q) filing due date to 31st May 2017, thus making 31st the due date for TDS return filing as well as Form 16. To avoid any hardship and to enable hassle-free TDS return and Form 16 procedure, the government has extended the due date for FORM 16 issuance to 15th June 2017 (on 2nd June 2017 through gazette notification N0. G.S.R. 546(E)).
Payroll and Compliance - May 2017
Maternity Benefit Act 2017 was passed in March 2017 and all the provisions introduced were applicable from April 2017. The major changes brought in by April 2017 were: Extension of maternity benefit period to 26 weeks (from 12 weeks ), Extending the maternity benefit provision towards adopting as well as commissioning mothers.