India | Sunday, Dec 18

y Limited is an independent oil and gas exploration company active in the Indus Basin. Focus Energy is part of a privately owned diversified business arious industries and business interests.

y is engaged in the exploration, development and production of oil and natural gas in India. Focus Energy has one of the largest acreage positions in is our region of focus.

y holds PSC to explore and develop onland and offshore oil and gas properties in India known as "RJ-ON/6", RJ-ONN-2003/2 GK-ON/4 and " ncompassing a total area of 21,000 Square km. Over the years, Focus Energy has progressed by leaps and miles and has gained vast expertise in th oration. years in exploration, Focus Energy announced Indias largest onland gas discovery on May 26, 2006.

otivated workforce, expertise, strong financial position, innovative technology and business acumen have provided a strong foundation for our profit al gas. We are committed to staying at the leading edge of technology and to integrating business into our technical process.

nuing with our strategic plan which positions us to remain a significant participant in the oil and gas industry for years to come.

OIL + GAS
Focus Energy is a leading oil and gas E&P company with operations in Rajasthan and Gujarat. For the last 4 years we have taken fresh graduates in various fields and they have now become part of the team.We want you to feel like a KING@25. The following field-based vacancies require extensive manual work and are not for the faint hearted. Only apply if you are willing to stay away from your family for 5 months at a stretch. 1) 2) 3) 40 positions for Trainee Driller - Converting a mechanical engineer to full Driller in 4 years 32 position for Geologist - who can combine the theory with on-line lab analysis of samples 16 Instrumentation Engineer - who will be trained to become Data Acquisition Experts

4)

32 Chemical Engineers - who know which chemicals to use when rather than bookish knowledge

5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21)

10 Petroleum Engineers - who want to work in the Reservoir Modeling & Production team 8 Mechantronic Engineers - for VFD, Logging, DST and Seismic 40 Mechanical Engineer - for pumps, rotary table, unified drive, BOP, compressors, centrifuges 40 Electrical Engineer - for AC and DC motors and drives and VFD and PLC etc 5 Trainee Power Engineers - with special reference to gas turbines and combined cycle 5 Trainee Power Engineers - with special reference to power line transmission 10 Trainee Marine Engineers - from mechanical or electrical background for ships and offshore 10 Automobile Engineers - with computer diagnostic training 10 Civil Engineers - for road building and heavy concrete foundations for rigs etc 5 Fresher IT and Communications Engineer - willing to learn V-Sat and Microwave links etc 5 Fresher HSE Engineers - for implementing HSE policy, audit and writing SOP Manuals 7 Fresher Accountant - for on-site book keeping, project accounts and stores 7 Fresher HRD management - at site for attendance, travel allowance, salary etc 12 Freshers in Hotel Management - to look after the canteen and general admin of rig-sites 5 Trainee horticulturalist 5 Trainee welders 30 Freshers - with lots of energy in any field who want to get into Project Management who can demonstrate during the interview what methods they would employ to achieve target dates with known resources Please apply to www.focusenergy.co.in/ad.php

Travel allowances and PAYG withholding

What is travel allowance?
A travel allowance is a payment made to an employee to cover expenses that are:

incurred when your employee travels away from their home in the course of their duties for accommodation, food, drink or incidental expenses related to the travel. When a travel allowance is paid there may be a requirement to withhold an amount from the payment. The information in Withholding from allowances outlines the correct withholding treatment of allowances.

Reasonable travel allowance rate

Each year, we publish a determination setting out the amounts considered 'reasonable' for claims for domestic and overseas travel allowance expenses. These expenses include:

accommodation meals deductible expenses which are incidental to travel. Amounts are set out for various travel destinations in the following determination Taxation Determination TD 2011/17 Income tax: what are the reasonable travel and meal allowance expense amounts for 2011-12 income year? The rates for domestic travel apply for stays in commercial establishments only, for example:

hotels motels serviced apartments.

If a different type of accommodation is used, the rates do not apply. If the allowance is paid at the same rate or below the 'reasonable travel allowance' rate, and the allowance is separately accounted for, no withholding is necessary. In addition, the travel allowance does not need to be shown on an employee's payment summary. If the allowance is paid above the reasonable travel allowance rate (in total), there is a requirement to withhold from the amount over the reasonable allowances amount. The total amount of the allowance should be included on an employee's payment summary in the allowance box with an explanation.

If the allowance is not fully expended

Where the allowance is paid to cover accommodation, meals and incidental expenses and you are aware that the allowance will not be spent on one or any of the items it is intended to cover, the allowance is not considered to be a 'bona fide travel allowance'. In these cases there is a requirement to withhold and record the amount on an employee's payment summary as part of gross earnings. Where the deductible expense is less than the allowance received, the employee must show the allowance as assessable income in their tax return, and claim only the amount of the deductible expense incurred.

If the allowance is exceeded

If the cost of accommodation, meals and incidentals exceed the amount of travel allowance received, employees need to keep documentary evidence for those particular trips during the financial year. With these records, employees can either:

claim the actual expenses incurred by including the amounts of travel allowance for which excessive expenditure is being claimed and claim a deduction for the corresponding expenses incurred in their income tax return claim nothing, as the travel allowance is not recorded on the payment summary there is no need to include the total amount as assessable income in their income tax return and, therefore, there is no need to claim a reciprocal deduction. If the travel allowance is recorded on the payment summary, the employee will need to include the amount in their assessable income and claim either:

the expenses they incurred (that can be substantiated with receipts or other documentation), or the amount from our published reasonable travel amounts.