Any Small & Medium Business would like to focus on its fast & steady growth by automating the other important business processes, where the administration is a huge task, the…
Traces Expanded abbreviation - TDS reconciliation analysis and correction enabling system It is a utility provided by the Income Tax Department for a Taxpayer and the deductor/collector to check online…
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. They include: Basic pay Special…
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. is paid by the person.…
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 issued on deduction of tax…
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 tax. The payroll process can…
Highlights of Union Budget for the FY 2022-2023 We have a promise from the government for a steady & predictable tax system Demystified old & new tax regimes - benefit…
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 June Want to check how…
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, calling or employment. This tax…
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, employment injury, and certain other…
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 employees are eligible under this…
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 replacement tax regime with lower…
