Introduction to Asset Management Welcome to the exciting world of asset management! You might wonder, "What exactly is asset management, and why do I need to know about it?" Well, let me break it down for you. Imagine you have a magic money tree in your backyard....
What is Tax? Tax is a financial charge imposed by a government on individuals, businesses, and other entities, typically as a percentage of income or of the value of goods and services. Taxation in India refers to the system of levying and collecting taxes in the...
As an employer, accurate payroll management is crucial for the success of your business. Not only does it ensure that your employees are paid correctly and on time, but it also helps you stay compliant with tax laws and regulations. However, even with the best...
Are you a salaried employee in India who pays rent to family members for your accommodation? Are you wondering if you can claim an HRA exemption on the rent paid to family members? Under the Income Tax Act of India, the rent paid by an individual to their family...
Introduction to Fixed Asset Accounting Welcome to the world of fixed asset accounting! If you're new to this topic, you might be wondering what exactly fixed assets are and how they're accounted for. Simply put, fixed assets are physical items that a company owns and...
In today's competitive job market, it can be challenging for HR professionals to attract and retain top talent. To stay competitive, it's important for HR professionals to have a clear understanding of their employer's brand and value proposition, and to use a variety...
Human Capital Management (HCM) is a critical component of any business. It involves everything from recruiting and onboarding new employees to tracking performance, reviewing and training employees, and more. But implementing HCM can be a daunting process, with a...
A third party payroll software is software that helps manage employee paychecks and benefits. This software can be useful if you do not have the time to create your own payroll system or if you are not sure how to do it correctly. Additionally, many third party...
Choosing your Payroll software for your business may seem like a simple decision on the surface, but it can be quite complex. All sorts of things need to be considered, including the size and nature of your business and technical things like software compatibility. It...
The statutory bonus in India is paid according to the bonus payment law (1965). The bonus is a deferred benefit, and some companies choose to pay it in advance. Eligibility for the bonus has been increased to include employees' income up to INR 21,000 per month...
