Dear All,
Sub : Tax Deducted at Source on Salaries for the Financial Year -2012-13
This is to remind you that your Tax computation/Tax proof discrepancy report for January’2013 payroll is already hosted in HR Web, based on the documents received up to 12.01.2013 and proof approved by us .
You are requested to send all your remaining proof of Investments before 13th of February’2013 along with a duly signed declaration in the prescribed format attached. Please note that Proof not supported by valid declaration will not be considered for Tax computation and deduction of tax at source. For employees claiming LTA exemption, send the duly signed enclosed LTA Declaration form along with the supporting bills for travel. Any proof received after 13th February’2013 will not be considered and Tax once deducted cannot be refunded at any cost.
Please also note that this is the last reminder for Tax proof and no more request will be accommodated after the dead line.
It may be noted that in case PAN is not furnished tax will be deducted at source as per rates in force or at 20% whichever is higher in accordance with the provisions of Sec 206AA of the Income – Tax Act, 1961.
Regards
S Muralidharan
HR Department
29.08.2012
Dear All
(I)
Tax Investment
Declarations in HR Web
Keying in of Investment Declarations
for the Financial Year 2012-13.
1
We have hosted
your Tax Forecast for the Financial year 2012-13 in HR web based on last
year declarations .You can start keying in/update your Tax declaration for
the Financial Year 2012-13 in the Declaration of Investments under IT menu in HR
Web (http://10.70.70.2/hr) . Please go
through the IT Declaration Instructions - 2012-13 before keying in your
Tax declarations. Please note that your Tax declarations keyed in for last
year is retained for your reference. You are requested to update the same
for current year. Last date for Keying in of Tax declarations or updation
in HR Web is 20th of every month up to 31st December2012 so as
to consider the same in respective month payroll
2
Please note that
Tax computation from September2012 payroll onwards will be strictly based on the
Investment Declarations keyed for the Financial Year 2012-13 in HR Web.
From Jan2013 payroll onwards, Tax computation will be based on the actual
proof received along with the declaration form duly signed by the
employee.
3
No Tax will be
refunded if the same has already been deducted and remitted based on
declaration keyed in and as per the Provisions of the Income Tax Act .We can not
accommodate any refund at later stages due to late keying in of Investment
Declarations after 20th of every month.
4
Please check and
update your Pan( if required ) in Pan updation under IT Menu in HR Web and
sent the copy of the Pan card to us immediately if not done
earlier.
We appreciate your earlier response
in this regard
Regards
HR
Department
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04.06.2012
Dear All
This is to inform you that we have hosted FORM 16 for the Financial Year 2011-12 in HR Web (http://10.70.70.2/hr) under IT menu .Kindly take a print for your records.
Before printing the Form16, it is essential to validate the Digital signature. Please follow the steps given under Steps to Validate Digital Signature
In case you have not updated your Permanent Account Number (PAN),kindly update the same in HR Web (http://10.70.70.2/hr) under IT menu (Pan Updation) In case you do not have Permanent Account Number, kindly apply for the same and update in HR Web, as it is essential for continued payment of salary
Regards
S Muralidharan
HR Department
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TDS CIRCULAR DATED 07.03.2012
Dear
All,
Your revised Tax
forecast for the Financial Year 2011-12
based on February2012 payroll has
already been hosted in the HR Web We have also hosted the
discrepancy report in HR Web based on the proof received up to
18th Feb2012.
We regret to note that the deadlines indicated vide our circulars/guidelines hosted in HR Web has not been adhered to by the employees .Please note that your proof of Investments should reach us here on or before 12th March2012 to consider the same for Tax purpose. We will not accept any proof or documents for rectification of the errors found in the discrepancy report received after 12th March2012.We have already given enough time to submit your proof of Investments. No Tax refund will be entertained here. You can claim the same by filing your return with Tax Authorities.
Permanent Account
Number: It is mandatory that all employees should have applied for or
obtained a Permanent Account Number (PAN). All employees are required to
furnish their PAN and send the Photo Copy of their PAN Card immediately
without fail. Permanent Account Number should be updated immediately in HR
Web under Pan Updation. Tax will be deducted at minimum rate of 20.60% or
rate applicable to your slab whichever is higher if you have not updated
your PAN in HR Web. All updated PAN list will be sent to Mumbai for Tax
computation by 12th
March2012
For any clarification in this regard, you can send email to tds_chennai@indusind.com
Regards
S Muralidharan
HR
Department
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Sub : Pan Updation In HR Web
We refer our refer our various communication
regarding the Pan updation in HR Web. Despite of our repeated reminders
the enclosed list of employees Pan is missing. You are requested to
communicate the concerned and obtain their Pan for filing our quarterly
return (Q3) on or before 10th of
Jan?2012
It
may be noted that in case PAN is not furnished tax will be deducted at
source as per rates in force or at 20% whichever is higher in accordance
with the provisions Sec 206AA
of the Income ? Tax Act, 1961.
Please ensure that PAN is obtained from Tax authorities immediately
without any further delay in case you have not been allotted PAN. You are also hereby requested to
mail a Xerox copy of your PAN Card or PAN allotment advice received from
the Income-tax Department for our files, If you have not already submitted
the same for the purpose of TDS. Kindly verify the correctness of PAN
appearing in your Tax Computation Statement in the HR web. In case there
is a discrepancy, please inform the undersigned , the correct PAN by
forwarding Xerox copy of your PAN card.
Regards
HR Department
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21.04.2011
Dear All
Consumer Finance Division Employee?s Provident Fund Trust has decided to stop accepting requests from members for Voluntary contributions (VPF) effective from 1st April?2011 .Accordingly no request for VPF will be entertained.
The Trust is also examining the idea of compulsorily refunding the existing VPF balance of members, in view of the rising servicing costs. This will be advised to members shortly.
P K Gopalakrishnan
SVP- HR
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