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Higher TDS may be deducted if you fail to select tax regime on time – Income Tax Alert For Salaried!

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To facilitate the employer to deduct tax at source (TDS) from salary, employees need to declare their tax-saving investments in the beginning of every financial year, i.e. in April. But this year, the nationwide lockdown, that has been imposed in the third week of March 2020 to contain the spread of highly contagious Novel Coronavirus […]

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Work from home calls for change in culture: Indian Oil’s head of HR

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Work-From-Home (WFH) is a workable mechanism. However, this needs to be simultaneously facilitated through a change in both skillsets and mindset,” said Ranjan Kumar Mohapatra, director (HR), Indian Oil. Edited excerpts of an interview : We institutionalized WFH guidelines even before the commencement of the lockdown. Centralised communication on the subject ensured that there were no ambiguities

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Centre Grants Relaxations To NRIs On ‘Residential Status’ Under Income Tax Act For FY 2019-20

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Taking note of the COVID-19 lockdown, the Central Government has granted relaxations to the criteria for determining ‘residential status’ under Section 6 of the Income Tax Act,1961, for the Financial Year 2019-20. As per Section 6 of Income Tax Act (before 2020 amendment), stay for 182 days or more in India during a financial year

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Suspend labour laws for 2-3 years, employers’ associations urge government

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Representatives of 12 employers’ associations and industry bodies on Friday asked the government to suspend labour laws for the next two to three years “to help industry come out of the present crisis,” a statement from the Ministry of Labour and Employment said. The associations made the demand during a meeting with Labour Minister Santosh

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Supreme Court Denies Relief For MSMEs Against Payment Of Wages

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The Supreme Court on May 8, turned down the plea of 11 Haryana-based micro, small and medium enterprises (MSMEs) to provide interim protection against the order which required them to pay full salaries to its employees. The petition, filed by the MSMEs, challenged the advisory issues by the Union ministry of labour and employment on March

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Workers of J&K’s largest factory resort to violence against non-payment of full wages

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Labourers of J&K’s largest factory, Chenab Textile Mill (CTM) at Kathua, on Friday resorted to violence and blocked the Jammu-Pathankot highway to protest the non-payment of full wages amid the ongoing lockdown. Thousands of workers assembled at Workers’ Colony inside the factory and staged a noisy demonstration against the management after they came to know

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Gujarat rolls out red carpet for investors, exempts labour laws

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AHMEDABAD: Close on the heels of sweeping labour reforms in Madhya Pradesh and Uttar Pradesh, Gujarat has become the third BJP-ruled state to exempt new establishments from all labour laws barring three as it eyes investments into the states from companies looking to relocate from China. The state government will soon bring an ordinance to roll-out labour reforms that would be applicable

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Aarti Industries’ humanised approach to employee relations

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Mumbai-based B2B manufacturing company, Aarti Industries, which deals in chemicals such as benzene intermediaries, pharmaceuticals and surfactants, claims to go all out for its employees. In its 16 manufacturing units, the Company employs around 13,000 people, including 5000 permanent and 8000 casual workers. Not have the permanent employees received their increments and promotions, the casual

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