A group health insurance is similar to medical insurance that covers all the members of a particular group. Employers should provide group health insurance to their employees to build a feeling of safety among them.
A business needs to file TDS return through Form 26Q every quarter to report all TDS from business payments made. Such business payments include contractor payments, payments to professionals, and rental payments.
Tax Deducted at Source (TDS) operates on the basis that each person making a specified type of payment to another individual will deduct tax at source at the rates prescribed by the Income Tax Act.
Professional tax is a direct tax that applies to individuals earning by way of employment or practising their profession. Explore more through this article.
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.
Manual payroll is passé. This is a comprehensive change management guide that will help you switch to an automated payroll software from a manual one.
Payroll process in India is not done efficiently. Learn what your payroll flaws are and fix them with Opfin, a dual tax compliant payroll software.