Can an employer give benefit of Sec. 80DD while issuing Form 16? If so, what documents should the employer obtain from the employee? Or should the employee claim this directly while filing his/her ROI?Is actual proof of expenditure required? Or deduction of 50k is granted irrespective?This is with respect to an employee who is claiming this for his sister. Narayan Ramakrishnan , Mumbai

Yes, an employer can give benefit of deduction u/s 80DD . In fact , the employer is supposed to give benefit of deduction claimed by an employee. This is clear from the Circular issued by the Central Board Of Direct Taxes every year for deduction of tax at source in case of salaries. For FY 2007-08 , CBDT issued circular no 8/2007 dated 5/12/2007 . As per this circular , the Drawing & Disbursing Officer should allow deduction claimed by the employee but they are also supposed to satisfy themselves about genuineness of the claim . The exact wording is as under

DDOs to satisfy themselves of the genuineness of claim

(21) The Drawing and Disbursing Officers should satisfy themselves about the actual deposits/subscriptions/payments made by the employees, by calling for such particulars/information as they deem necessary before allowing the aforesaid deductions. In case the DDO is not satisfied about the genuineness of the employees claim regarding any deposit/subscription/payment made by the employee, he should not allow the same, and the employee would be free to claim the deduction/rebate on such amount by filing his return of income and furnishing the necessary proof etc., therewith, to the satisfaction of the Assessing Officer.

Amount of deduction?

In my opinion, the deduction u/s 80DD up to Rs 50,000 is claimable if the assessee proves that he incurs some kind of expenditure of the treatment and maintenance of relatives. For more on this , read here.

Source -www.taxworry.com

Over 210,000 executives in estimated 240 central public sector undertakings are in for a bonanza with a pay revision committee recommending a massive hike in their annual cost-to-company. The hike ranges between 379 per cent at the highest level and 57 per cent at the lowest across companies and levels.

This is assuming the maximum possible payout an executive can get. The award, if accepted, would mean that government servants, particularly defence personnel, would be paid far less in comparison even if one takes into account the recent hike recommended by the Sixth Pay Commission.

The second PSU pay revision committee, headed by former Supreme Court Justice M Jagannadha Rao, submitted its recommendations on Friday to Minister of Heavy Industries and Public Enterprises Sontosh Mohan Dev.

“We are giving more authority to the companies. They can earn more profit and can share it with their employees,” he said. The report has been sent to the Prime Minister’s Office and the finance ministry. After it is examined, a final proposal will be put up for Cabinet approval. The process could take three-six months.

Shorn of variable components like risk pay and performance-related pay, the effective pay hike works out to between 25 per cent and 40 per cent, according to SM Dewan, director general, Standing Conference of Public Enterprises. “This is a paradigm shift in the government’s thinking on running a business enterprise. It does not put us on a par with private sector companies, but it is a very good beginning,” he added.

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The show that canvassed the greatest talent, the show that resurrected laughter on television, the show that instituted the humour genre, the show that gave a new meaning to the concept of laughter…

The Great Indian Laughter Challenge is back with a smashing new season that begins on June 6, 2008 and airs every Fri & Sat at 20:00, exclusively on Star One. The launch episode & curtain raiser promises to be a crowd puller as it reveals the 10 contenders for the crown introduced by none other than our very own champions including Sunil Pal, Ehsaan Quereshi, Irfan -Ali, Dr. Tushar Shah, Kapil Sharma, Chandan Prabhakar and Guarav Sharma.

Adding to the action and excitement will be the smashing performances by electrifying Hard Kaur, the evergreen Sudesh Bhosale and inimitable Rajpal Yadav!

The triumphant show goes on air with a new jury, a new anchor and brand new sets! Style and wit personified… veteran actor Mr. Shatrughan Sinha along with the wizard of wit Mr. Navjot Singh Sidhu will don the judges hat for Season 4 with the sexy Shenaz Treasurywwala as the host of The Great Indian Laughter Challenge 4!

The brand new season will see loads of fresh comic talent with unadulterated wit and characteristic humour! Catch TGILC 4, the Baap of laughter Shows as it returns to Star One from June 6, 2008 and airs every Fri & Sat at 20:00.

(Source: www.arabianbusiness.com)