Salary: Updates & Rules

Naukri Survey: 42% of Recruiters Say Their Companies Gave Less Than 10% Increment

Loading

With the appraisal cycle finally coming to an end, a survey has revealed that 42 percent of recruiters said that their companies gave less than a 10 percent increment to their employees. The majority of recruiters remained cautious with respect to increments offered by their organisations during the last appraisal cycle, Naukri’s Hiring Outlook Survey stated. It […]

Naukri Survey: 42% of Recruiters Say Their Companies Gave Less Than 10% Increment Read More »

Salary During Notice Period Does Not Fall Within The Definition Of ‘Operational Debt’ Under IBC: NCLT, Mumbai

Loading

The NCLT, Mumbai Bench comprising of Justice H.V. Subba Rao, Judicial Member and Chandra Bhan Singh, Technical Member in the case of Sandesh Naik v. MT Educare Limited held that salary for purported notice period amounts to specific performance of the appointment letter and does not fall within the definition of ‘Operational Debt’ as the same was not salary for the

Salary During Notice Period Does Not Fall Within The Definition Of ‘Operational Debt’ Under IBC: NCLT, Mumbai Read More »

Services of NACH will Available 7 Days A Week: Salary, Pension And EMI Payment Rules To Change From August 1

Loading

Services of NACH will now be available seven days a week. Currently, facilities are available only when banks are open, from Monday to Friday. You no longer have to wait for a working day for important transactions like salary, pension and EMI payments. RBI has changed the rules of the National Automated Clearing House (NACH).

Services of NACH will Available 7 Days A Week: Salary, Pension And EMI Payment Rules To Change From August 1 Read More »

Delhi HC: Salary Is A Fundamental Right; Denial Of Salary Not Allowed Even If Employer Has No Funds

Loading

The Delhi High Court’s latest ruling includes and impacts those currently serving, doctors and paramedics and health workers, covering the gamut of the country’s frontline workers working against the virus. Vipin Sanghi and Rekha Palli, the ruling judges, admonished the city’s municipal bodies over their proffered explanation of “paucity of funds” when asked to justify the

Delhi HC: Salary Is A Fundamental Right; Denial Of Salary Not Allowed Even If Employer Has No Funds Read More »

New Section 80JJAA Deduction for Salaries paid to New Employees

Loading

Section 80JJAA is a facility for claiming a deduction for the recruitment of new or additional employees. The section has been made available in the Income Tax Act to encourage employers to recruit fresh employees on a periodic basis. This deduction of the Income Tax Act can be claimed by all assessees for creating employment generation opportunities.

New Section 80JJAA Deduction for Salaries paid to New Employees Read More »

error: Content is protected !!