The Code on Wages, 2019 requires that excluded salary components should not exceed 50% of total remuneration. Employers may need to restructure pay packages, increasing PF and other statutory benefit calculations while affecting take-home salary.
MCA has introduced Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021. And importantly CSR Spending made mandatory from voluntary w.e.f. financial year 2020-21. Date of Effectiveness of Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021: [1] Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 came into effect on 22 January 2021, as the same has been […]
UNION BUDGET 2021 HIGHLIGHTS The analysis of Budget is divided into 2 major categories: (a) Direct Tax (b) MCA, Companies Act, LLP Act. The following are the Key Highlights from the Union Budget 2021, as presented by the Hon’ble Finance Minister. Direct Taxes Vivad Se Viswas Scheme Last Date of filing extended to 28th February, […]
