Why is a Payroll application essential for an SMB?
Any Small & Medium Business would like to focus on its fast & steady growth by automating the other important business processes, where the administration
Articles
What are TRACES?
Traces Expanded abbreviation – TDS reconciliation analysis and correction enabling system It is a utility provided by the Income Tax Department for a Taxpayer and
What are payments and deductions required for running a payroll?
Let’s first understand what are the payments & deductions provided by the employer Payments: Any amount that is paid to an employee falls under underpayments.
What is TDS, why it is deducted and to whom?
TDS or Tax Deducted at Source is a specific amount that is reduced when a certain payment like salary, commission, rent, professional fees, interest, etc.
It is almost the end of the Fiscal year – Did you provide Form 16 to your employees
Form 16/16A It is a mandatory TDS certificate issued by the employer to the employees. This certificate of deduction of tax at source and
GROSS PAY Vs. NET PAY – A small guide
It’s not easy to dive into the salary structure pool, especially if you’re an employee who isn’t aware of the latest changes on salary and
Budget Highlights for the FY 2022-2023
Highlights of Union Budget for the FY 2022-2023 We have a promise from the government for a steady & predictable tax system Demystified old &
What are Form 16, 16A, 16B, 26AS, 27A, 27B & how are they different?
Basically, these forms are TDS certificates, with the following differences Form 16 Form 16 is issued by the Employer to Employee. Issued annually before 15th
All you need to know about professional tax!
1. What is professional tax? It is a tax which is levied by the State on the Income earned by the way of profession, trade,
How is ESI Calculated?
What is ESI? Employees’ State Insurance Act, 1948 (ESI Act) is social security legislation aimed at providing benefits to employees in case of sickness, maternity,
Explained : Different ways to withdraw the provident fund.
What is Provident Fund? PF is a retirement savings scheme introduced by the Employees provident fund organization in 1952. All organizations having more than 20
The latest news on Income Tax Slabs for the Financial year 2020-2021
Budget 2020 has given taxpayers the choice to settle on between the present tax regime (which allows availing existing tax exemptions and deductions) and a
