What are Payslip: The word 'payslip' is a combination of two words: Pay: This refers to the amount of money an individual worker earns by contributing their services to their…
The National Pension Scheme (NPS) is one of the voluntary schemes individuals can utilize to save a portion of their income for their well-being during retirement. The Government of India…
Submitting Form 12B is a requirement for every individual taxpayer who joins an organization or company in the middle of the fiscal year, It gives the new employers information about…
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…
As businesses strive for efficiency and productivity, the cumbersome paper-based expense claims era gives way to innovative payroll software. With paperless expense claims, employees can easily submit their expenses through…
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…
