Signs that you need a new Payroll Solution
To manage different processes and departments is the biggest challenge for any organization. Many organizations are still using manual processes which can’t keep pace with the demands of
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Time to Know about Income Tax Savings
Income tax is the unfortunate reality of income. If given a choice, most of us wouldn’t want to pay tax on the income we earn. But we should
What is TDS? How can TDS Adjustments be done?
Tax Deducted at Source (TDS) is a means of collecting Income Tax in India, under the Indian Income Tax Act of 1961. It is managed by the Central
Now generate the e-TDS file with Sumopayroll!
Sumopayroll facilitates the generation of the sample e-TDS file, which users can utilize for Income Tax e-filing. Users provide general information about a specific company requiring e-TDS, generate
Consultants Payments through Sumopayroll
Sumopayroll provides enhanced and easily configurable payment options to consultants. It provides flexibility to choose consultant type between ‘Individual’ and ‘Company’. The information of the ‘Individual’ and ‘Company’
Generate Form 16B and file Income Tax Returns!!
What is Form 16B? Form 16B is a vital document employer issue to salaried individuals in India at the end of the fiscal year. This document serves as
Ease in calculating Commissions & Bonus Reports
Commissions and bonus are two sources through which employees receive additional compensation based on their achievements, performance, and contributions to the growth of the company. Bonus Employers pay
Leave Encashment policies through Sumopayroll
Employees receive compensation for their unused or accumulated leave days, like vacation or paid time off, through a process known as leave encashment. If employees choose not to
Now upload Monthly Contribution File in ESIC website!
Sumopayroll provides access to Monthly Contribution File in reports generation. Run the payroll for a specific pay period. Selection of Financial Year (e.g., 2017-2018) Selection of Frequency (e.g., Monthly-Contribution) Selection of Period
What is Electronic Challan cum Return(ECR)? How to upload ECR in EPFO website?
What is Electronic Challan cum Return? ECR stands for Electronic Challan cum Return. It is an electronic monthly return to be uploaded by employers through the Employer e-Sewa
Your Guide to Income Tax in India – Tax Slabs (Financial Year 2017-2018)
Everyone who earns or gets an income is subject to Income Tax slabs in India. This applies to a resident or a non-resident of India as well. Income
Benefits of Tax Saving!
While investing in a tax-saving instrument or any investment for that matter, it is important to keep an eye on the taxability of its income. Taxes can constrain