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 & new tax regimes
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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 June. Want to
All you need to know about professional tax!
1. What is professional tax? The State levies this tax on the income earned through profession, trade, calling, or employment, based on slab rates depending on the individual’s
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, employment injury, and
Explained : Different ways to withdraw the provident fund.
What is Provident Fund (PF)? The Employees’ Provident Fund Organization introduced PF, a retirement savings scheme, in 1952. All organizations having more than 20 employees are eligible under
The latest news on Income Tax Slabs for the Financial year 2020-2021
Budget 2020 has given taxpayers the choice to settle between the present tax regime (which allows availing existing tax exemptions and deductions) and a replacement tax regime with
A brief summary of Employee provident fund?
What is an Employee Provident Fund? EPF or Employee provident fund was introduced under the Employee provident fund and miscellaneous act in the year 1952. It is a
What is attendance management system and ways to track employees attendance at work?
The attendance management system is a key process in the HR department. Tracking the attendance of employees is crucial for the reliability and profitability of the company. To
Importance of having leave policies for Startups and SMEs
At some point, any employee in your organization may take leave from work. It is the role of the HR manager to manage everything related to employee leaves
Manage employee shifts effectively using HR & Payroll solution
Organizations operating beyond the typical 9 to 5 working hours face challenges in employee shift management. Balancing this can save the company money. Shifts are now favored by
How expense management and reimbursement simplified with Sumopayroll?
For any organization, management of expenses and reimbursements are onerous duties. Both these areas have always been a big concern for companies. A reliable expense management software in
Things You Need To Know About Organization Chart And How It Works In SumoPayroll
For effective employee management in your organization, managers have to know the organization’s structure. This is where the need for an organizational chart comes in. It is a