When negotiating terms of employment with a prospective employee, a higher take home salary works in the company’s favour. A well-structured salary package which maximizes take-home pay and minimizes tax outgo is better than a higher CTC to attract top talent.
When negotiating terms of employment with a prospective employee, a higher take home salary works in the company’s favour. A well-structured salary package which maximizes take-home pay and minimizes tax outgo is better than a higher CTC to attract top talent.
Before taking a final call on a particular pay structure, considering employees’ long-term and short-term financial goals helps to retain talent. Modifying the tax structure keeping in view the alternative tax regime vis-à-vis the regular tax regime can simultaneously impact the net take home and retirement corpus as some components of the package may not come to employees immediately and others may be either full taxable or tax-free.
Generally, the CTC can be broadly divided in four components— basic, allowances, perquisites and retirement benefits/contributions. Each component is treated in a different way for tax purposes under old and new tax regimes and can impact the tax liability.
The workshop will discuss taxes on salary, remuneration planning, perquisite taxation, taxation of retirement benefits under the old and new tax regime.
We are a top Corporate training solution provider in India, Founded in 1997 with a keen desire to enable change and empowerment within organizations.
And what started off as a pure Corporate Training company; soon evolved into a one-stop-shop for Corporate Training, Executive and Performance Coaching, Group Facilitation, Content Creation, Leadership & Organisation Development and Client Consulting.
We have also added Virtual Instructor Lead Training to our basket of offerings, which is helping it reach out to a larger number of corporate clients.
Skills Gap & Workforce Readiness:
Employers need workers with the hard skills to perform jobs in technology, manufacturing, data analysis, and other 21st century careers. And they need employees with the soft skills and technical skills to communicate well, empathize with co-workers, perform their tasks faster, and lead their teams.
Our training programs are designed to help HR address the growing skills gap through training and development.
GST training is offered by Bynco Academy. Understand tax concepts,maintain books of accounts and file tax returns using simulated software so as to enable actual filing of returns whether it is income tax,TDS or GST.
A course designed by industry experts to help you learn orientation of US taxation, explaining US tax structure, overview and basic for form 1040, income liner items, deduction line items, schedule A to F, credit and tax related to form 1040, practice mock test.
It is an advanced level certification for candidates to enhance their knowledge on theory and practice of GST. It aids candidates master the concepts of Goods & Services Tax (GST) and maintain GST compliant records using Tally.
Goods & Services Tax course is offered by Accounting Guruji. We offer 100% Job oriented practical workshop in a well-organized enviroment which enables the opportunity to acquire read time experience to develop skills as per the employer.
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