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...
Parting ways with an employer inevitably involves paperwork to settle accounts. The full and final settlement is the last paycheck and financial settlement between an employer and an exiting employee encompassing all pending dues. But what exactly does the full and...
30 minute read ● Updated: 24 July, 2024 Income Tax Slabs 2023-24 and 2024-25 (Old vs New Tax Regime)Income Tax Slabs in the New Tax Regime in Budget 2024Main Features of the 2024 New Tax RegimeUnderstanding India Budget Formation: A Five-Step GuideImportance of Budget...
Payroll management is a pain, but payroll software makes it easy. It calculates, reports, and complies. As per a study by HRMS Software India, 80% of companies that implemented payroll software saw a huge reduction in errors. By streamlining payroll processing you can...
Human Resource Management (HRM) - The Backbone Of Any Company! HRM is managing the most valuable asset of any organization - its employees! It’s about creating an environment where people can grow, develop and flourish. And with the right HRMS Software in India, you...
Payroll management is key to getting paid to employees on time and in compliance with regulations. However, payroll errors can happen due to human error, software issues, or compliance gaps. In this post, we’ll go through practical steps to identify common payroll...
Ready to unlock your workforce in 2024? HR management is the key to success and the right HR software can be a superpower. Imagine streamlining processes, increasing productivity, and navigating complex regulations with ease. Our comprehensive guide has got you...
Filing income tax returns can be a daunting task, but understanding the tax slabs applicable to your income is the first crucial step. In India, the income tax system follows a slab system, where different tax rates are applied to different income brackets. This...
Phew, it's almost the end of 2023! While you're busy wrapping up projects and preparing for the holidays, don't forget about that crucial task lurking in the shadows: payroll year end checklist. A smooth payroll year end closing ensures your employees receive accurate...
In today's fast-paced business environment, precision is essential. Every firm attempts to reduce errors, especially in important services such as payroll and expense management. Even modest mistakes in these areas can have serious implications, including angry...
