The ESI scheme applies to all factories and establishments where employee strength is 10 or more. It is a self-financed social security scheme designed to protect employees covered under the ESI act.
Employee Provident Fund (EPF) registration is mandatory for an organisation where employee strength exceeds 20. For most employees, the contribution rate is 12% of the fixed wages of an employee, excluding HRA.
Professional tax is a direct tax that applies to individuals earning by way of employment or practising their profession. Explore more through this article.
Section 194A of the Income Tax Act states that tax has to be deducted at source on interest (other than interest on securities).
RazorpayX Payroll not only automates PF registration for employees but also takes care of the entire payroll process for startups and small business owners.
GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
GST Registration is mandatory for certain businesses in India. Read this article to understand the eligibility criteria for GST registration in India.
According to the draft of new wage rules under the Code on Wages 2019, wages for calculation of PF contributions will be at least 50% of employee total pay.
Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.