How Is TDS Calculated on Salary?
Tax Deducted at Source (TDS) is a means of collecting Income Tax in India, under the Indian Income Tax Act of 1961.The Central Board for Direct Taxes (CBDT) manages it,…
Income Tax Act 2025: Key IT Declaration Section Changes Every Business Should Know
The Income Tax Act 2025 introduces major IT declaration section changes that directly impact payroll processing, employee tax declarations, HR compliance, and payroll software workflows across India. Businesses using HRMS…
How to Process Full & Final Settlement (F&F) in India – Step-by-Step Guide
What is Full & Final Settlement (F&F)? Full & Final Settlement (F&F) is the process of settling all payments due to an employee when they leave an organization due to…
New Labour Codes in India: Impact on HR & Payroll Functions
The Indian government’s historic introduction of New Labour Codes marks a major shift in how labour laws are regulated, consolidated, and enforced across the country. While the intent is to…
Payslip Transparency – The Benefits of Income Documentation
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…
What is Form 12B?
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…
Why is a Payroll application essential for an SMB?
Payroll essential for small & medium business
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…
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 and deductions provided by the employer Payments: Any amount disbursed to an employee by the employer falls under underpayments. They include the following: Basic…
What is TDS, why it is deducted and to whom?
tax deducted at source
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…
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 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…
Gross Pay Vs Net Pay – A small guide
gross pay vs net pay. What is the difference b/w them?
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…