What is Gratuity? Is Income Tax Exempted on Gratuity?
What is Gratuity? A company pays gratuity as a lump sum when an employee leaves the organization, making it one of the company's retirement benefits. In India, the Payment of…
Top highlights of the budget 2019 that need to know
Highlights of Budget 2019 The union budget is an important day for the salaried classes, as they keep an eye on the tax reforms and sops about their income. A…
Three ways to calculate employee TDS – TDS Calculations
There are three ways to calculate TDS and we follow these 3 methods in Sumopayroll: Efficiently calculate employee TDS using our 'Monthly' TDS Calculation, factoring in payments up to the…
Latest Updates of Financial Year 2018-2019
As we have stepped into the next financial year i.e., 2018-2019. It is very important to know the latest updates that are applicable to this financial year. Updates: They have…
Now generate TDS Form-26Q with sumopayroll
Now generate TDS Form-26Q Many individuals find income tax matters overwhelming and anxiety-inducing because of the tax deduction at source (TDS) process for Form 26Q. This process can be confusing…
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 Board for…
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 the e-TDS…
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 a comprehensive…
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 portal. The…
Now you can choose PDF or Excel format for your Reports!
Why Choose PDF Format? Portable Document Format popularly known for its short-form PDF was developed by Adobe Systems. Many organizations choose PDF format, especially for generating reports like TDS, PF,…
How is TDS Calculated?
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…
