HR challenges can be quite daunting if not dealt with properly. Learn how a smooth HR process can help boost the productivity of your employees.
Read on to understand the year-end payroll checklist and ensure a seamless closure to your current financial year accounting books.
Gratuity is the amount employees receive as a part of their gross compensation from their employer. It’s offered as a token of appreciation for an employee’s services to the company. Read everything about gratuity in this blog post.
Dearness Allowance is calculated as a fixed % of basic salary & is completely taxable. This allowance is paid to the central government employees in India.
TDS Challan 281 is used to pay TDS by corporates and non-corporate businesses. There are 2 modes for making TDS payments – Online and offline mode.
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.
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.
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.
The cost of processing, paying, & auditing expenses directly impacts the bottom line. Learn how you can automate your expense management with RazorpayX.