What are TRACES?
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 the deductor/collector to check online…
What are payments and deductions required for running a payroll?
payments and deductions required to run a payroll
Let’s first understand what the payments & deductions provided by the employer Payments: Any amount that is paid to an employee falls under underpayments. They include: Basic pay Special Allowances…
It is almost the end of the Fiscal year – Did you provide Form 16 to your employees
employer should provide form 16 to 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 issued on deduction of tax by…
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 certain other…
