by Nitso Technologies | May 23, 2020 | Blog, Tax Information, Uncategorized
Individual: An individual can claim a deduction of up to Rs 25,000 for the insurance of self, spouse, and dependent children. An additional deduction for the insurance of parents is available to the extent of Rs 25,000 if they are less than 60 years of age, or Rs...
by Nitso Technologies | May 23, 2020 | Blog, Tax Information, Uncategorized
Earlier the tax deductions allowed for the NPS investments was only limited to Rs. 1 lakh. However, the same was amended in the budget of 2015 to encourage more people to invest in pension schemes. Amendments in the sections pertaining to NPS were announced in Budget...
by Nitso Technologies | May 22, 2020 | Blog, Tax Information, Uncategorized
Are you looking to save up on your taxes? Do you have an allowance for rental payments? Then you should definitely look into understanding the House Rent Allowance (HRA) exemption and how it works! In this article, we’ll break down everything you need to know...
by Nitso Technologies | May 20, 2020 | Blog, Tax Information, Uncategorized
Whether you are an Indian or a non-resident Indian, you may be eligible for a tax rebate under section 87a of the income tax act in India. However, you will need to understand the eligibility criteria and how to calculate the deduction. In the year 2013-14 the...
by Nitso Technologies | Jan 13, 2020 | Blog, Payroll Software, Uncategorized
As an HR professional, while onboarding new employees, the payroll tasks beyond the basics are usually not your responsibility. However, ensuring that the employees are being paid correctly is crucial, as you are the point of contact for addressing any pay-related...
by Nitso Technologies | Jan 13, 2020 | Blog, HR Software, Uncategorized
A seven-step plan for selecting HRMS (Human Resources and Payroll Management Software) that meets your company’s needs now – and in the future The Need for AutomationA Roadmap for Successfully Selecting HRMSStep #1: Set Realistic Goals for Your SearchStep #2: Map Your...