Consultant & G.m.
+3 Others

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
In income tax act, what is employee audit. how do prepare employee audit questionnaire in income tax.
what are the allowances are fully taxable.
Can you help me how to differentiate employee and employer tax deductions in income tax sections.
what are ceiling limits for employer and employee in u/s 80C to 80U

From India, Bangalore
Dear Divya,
your question is not very clear. THere is no specific requirement for employee audit in income tax act., can you please share the relevent section under which this query is coming in.
now to the second part of your question, It has a detailed answer, Myself being a trainer in salary related income tax aspects, It covers more than 50 heads.
I would suggest to check Income Tax Ready recknor of any good author, Mr. Vinod Singhania is one of them, it has details for each section wise and head wise allowance and its taxation impact.
in case still qny query left, please feel free to post, I would be happy to reply.

From India, New Delhi
Generally Payroll Audit take place at the time of Statutory Audit and there is no spcific requirement in Income Tax.
But you can do one thing in your payroll software, itself give you the payroll audited report but you need to enter the update field of the current income tax slabs or some compaies provide you also the updation in the payroll software as per the current budget or financial year changes in the same.
Reger the Ready reconer you will get everythng.

From India, Mumbai
Dear All, Here you’ll find attached a notes on Tax planning for 2012-13 and 13-14, use them, share them with your ideas as well. Regards, kumar.s.
From India, Bangalore

Attached Files
File Type: docx Tax Planning Tips.docx (16.5 KB, 1167 views)

I think being more specific about the query and doing a prior reading on Google might help and keep the discussion focussed.
From India, Ghaziabad
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™