Timeclock and biometric attendance systems are both used for tracking employee attendance, but they have different mechanisms and advantages. Here are some advantages of timeclocks over biometric attendance systems: Cost-Effective:…
The term "HRA" typically stands for "House Rent Allowance" which is a component of an employee's salary in many countries. The rules and regulations regarding HRA calculations can vary from…
Choosing the right SaaS-based Cloud Payroll Application for your business is essential for ensuring an accurate and efficient payroll processing. To help you make an informed decision, here are some…
This article will discuss the budget highlights for FY 2023-24, presented by the Minister of Finance of India on February 01, 2023. This marks the fourth budget of the Narendra…
Any Small & Medium Business would like to focus on its fast & steady growth by automating the other important business processes, where administration is a huge task, the best…
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 the payments and deductions provided by the employer Payments: Any amount disbursed to an employee by the employer falls under underpayments. They include the following: Basic…
When a person pays certain types of income, such as salary, commission, rent, professional fees, interest, etc., they deduct a specific amount known as Tax Deducted at Source (TDS). The…
Form 16/16A Form 16/16A 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 what…
