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New Income Tax Regime 2020 and Its Effect on Payroll Processing

Empxtrack

The 2020 Union Budget of India has proposed the latest income tax rules. This article describes the new income tax regime 2020 and its effect on Payroll Processing. Taxpayers can choose any of the two tax options – the old tax regime or the new tax regime.

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Understanding Income Tax – Gathering data to run a payroll

Keka HR Blog

Under Section 192 of the Income Tax Act, every employer who is paying a salary income to his employee is required to deduct TDS from the salary income if it exceeds the basic exemption limit. This tax is then deducted on a monthly basis as tax deducted at source (TDS). How is Income Tax Calculated?

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All you need to know about the new French income tax withholding system

Immedis

After an initial delay, the new French withholding tax system will be coming into effect for all French salaries starting on January 1 st 2019. Under the new tax regulation, French tax resident employees will now be subjected to a monthly withholding tax on their income. What are the changes?

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