Indian Payroll and Compliances Training

This course covers the most important part of income tax acts, 1961 of India and other related laws those are directly and indirectly related to an employees salary computation and saving. The main object of this course is to complementing theoretical education by practical training in payroll field.
 

What you'll learn?

• Type of Assesse
• Income Tax (Direct Tax)
• What is Payroll Input & Output
• Income Tax Slab and Calculation
• Income Tax Calculation Practice
• Income Tax Formulas in Excel
• Tax on Onetime Income (Add Tax)
• Calculation of Arrear
• Type of Allowance
• Taxable and Non taxable Allowance
• Calculation of LOP
• Full and final Calculation
• Gratuity Excel Formulas & Leave Encashment
• HRA and LTA Exemptions

• Learn Marginal Tax
• Some Excel Formulas Class
• The Bonus Payment Act, 1965
• ESI - Employees' State Insurance
• PF - Provident Fund
• EDLI
• Pension
• Professional Tax
• LWF Labour welfare fund
• Perks u/s 17(2)
• Tax Saving Class - Deductions Chapter VIA
• Calculation of Income from House property
• Live Payroll Example
• Payroll Practice

Course Objectives:

To enable the students to acquire sound technical skills in Payroll accountancy, provident fund and ESI schemes, Payroll auditing, Salary marking, income Tax deduction, save tax on Investment and educate to an organization people about tax deduction and saving schemes, financial management, corporate and lobar laws, direct and indirect taxation, Information Technology and related subjects and fields.

To train to provide theoretical education, practical training and computer training of the students undergoing payroll training course. Encouraging young talented students having aptitude for payroll accounting education to make an early entry to the profession.

• Creating employment in Payroll and Human resource department.
• To provide opportunities to work as payroll professional.
• Opportunity to acquire additional skill under graduate and post graduate.