Other Briefings
India Releases Draft Rules for New Companies Act
Sept. 12 – The Indian government has released new draft rules for the 2013 Companies Act, which will replace the original Companies Act of 1956. The new draft rules cover the first half of the Companies Act and will be open for public comment until October. The second half of the Companies Act draft rules […]
India Passes Pension Bill to Increase Foreign Investment
Sept. 5 – After nearly ten years of debates and negotiations, the Lok Sabha – India’s lower house of Parliament – finally cleared the long-awaited Pension Fund Regulatory and Development Authority (PFRDA) Bill today in a step towards creating a stronger pension industry and to attract additional foreign and private sector investments. The bill must […]
Calculating Withholding Taxes in India
Aug. 9 – Withholding taxes are a government’s way of making sure that the proper taxes are paid on an item by way of either withholding or deducting the relevant tax amount from an individual’s or an enterprise’s income. They are of particular note to international companies doing business with India yet without a presence […]
India Extends Income Tax Filing Deadline to August 5th
India’s Ministry of Finance has extended the deadline for filing IIT in India from July 31st to August 5th Aug. 1 – “Due to large number of taxpayers accessing the e-fling website on the due date of filing, some cases of taxpayers not being able to access the e-filing portal have been reported. These problems […]
Payroll Processing in India: Allowances and Outsourcing
Payroll , or employee compensation management, is a multifaceted process. To help shed some light on this complicated process, in this article we discuss allowances (including housing and leave travel assistance) and the benefits of outsourcing payroll.
Maternity Benefits in India
Dec. 20 – One of the primary objectives of India’s Maternity Benefit Act (1961) is to maintain the health of a pregnant female employee and her child. The act applies to every factory, mine or plantation (including those belonging to government), and to every shop or establishment wherein 10 or more people are employed. To […]
India Salary Increases to Average 11% this Year
The Indian HR company Ma Foi Randstad has released its annual Salary Survey Guide, and indicated that salary levels across India are expected to increase an average 11.2 percent for 2012, slightly less than last year’s rate.
Employers to Have Compulsory Insurance for Overseas Workers
From August 1, 2011 all South Korean companies hiring overseas labor-intensive workers will be required from later this year to give to the departure expiration insurance to pay their retirement benefits.
