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.
DurationWhen 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.
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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.
Income Tax course is offered by Accounting Erudition. We the Accountsmann Training Academy formerly known as "MD Classes & Training Insititute" believe in the worth and dignity of each student and recognise the importance of practical accountancy learning for the opportunity of accountancy job.
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E-Taxation (ET) course is offered by Ramakrishna Mission Shilpamandira Computer Centre. We assure you quality education and a better perspective on the subject so that you could pride yourself in being RKMSCC-ian.
This course is designed to provide trainees with a firm grounding of GST concepts. Trainees will be exposed to real life examples to build up their practical knowledge and analysis of GST obligations.
This course provides students with an introduction to the essential principles, theories, and techniques of accounting and taxation using SAP. It explores the role of accounting and taxation in businesses, its development, and its importance in contemporary business environments.
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