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Compliance Ratings for GST and their Significance
GST stands for Goods & Services Tax, a concept that aims to radically change the format of doing taxes in our country. It is a compendious, destination-based form of taxation that helps levy on every element of pure value addition – on the supply of distinct goods... read more
Attendance and Tracking System – A Growth Process
A progressive workforce needs a progressive system to track employee time and attendance more efficiently. Gone are the days of old punching sheets or manually written time sheets that have to be entered into a computer or spreadsheets. Modern day attendance tracking... read more
Payroll Outsourcing Services for Small Businesses or Start-ups
Now you look around your office and you see your Human Resources Manager, a 20 something all tensed and hassled, all worked up while processing payroll for your company. May be he joined you thinking he would be the culture-maker for your esteemed organisation. Little... read more
India Payroll – Year End Activities
The Financial Year of India stretches from April 1st (of present year) to 31st March (of forthcoming year), which is why it is essential that all due monetary obligations are met before the financial year ends. For this, there should be efficient planning, organizing... read more
5 Most Common Payroll Mistakes businesses make
The amount to be paid to an employee from the company or authority is called payroll. Payroll is a complicated procedure as it involves formal methods of paying taxes, filling out government – mandated forms and covering the financial needs of each employee... read more
Understanding Statutory Compliance Management System
Human Resources are like natural resources; they’re often buried deep. You have to go looking for them; they’re not just lying around on the surface. You have to create the circumstances where they show themselves. – Ken Robinson Each organization... read more
Salary Structures in India
Salary Structures are of great significance for every HR as well as Payroll professional. But it is been widely observed that even the most informed professionals are unaware and uninformed about the technical, policies and practices that are considered in designing a... read more
REGIONAL PAYROLL SOLUTIONS
Regional Payroll Solutions are becoming significant with a number of Asian countries experiencing economic growth. The attraction for business to expand into the region is high with higher complexities of payroll and HR Administration in many countries across Asia.... read more
Checklist for Investment Proofs for Income Tax Declaration
The tax season is around and this is when the employees and salaried staff is worried
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Recent updates on Goods and Service Tax (GST)
This is Blog 3 in the series on Goods and Services Tax (GST),
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Investment Proofs for Income Tax Declaration
Do you remember a situation where yours ears widened hearing the word Income tax? Well I believe the answer is yes. Many of us can relate ourselves to such situations. Income tax and deductions are very important for salaried people. We often plan our Income tax for... read more
Temporary Employees and Employment Laws, an armor
Temporary Employees are defined as individuals typically hired to help a business meet increased short term demand for its product or services that do not have the status of permanent staff. Temporary Employees are sometimes referred to as “contractual”,... read more
Summary of Budget 2017
Relevant for individual tax payers Tax Rates Tax rate for individual assessee, having income between Rs.2.5 lakhs to Rs.5 Lakhs, is reduced to 5% from existing rate of 10%. Surcharge @10% of tax payable on categories of individuals whose annual taxable income is... read more
Budget 2017 Highlights and Tax Update
The Big Budget is out today, putting an end to a lot of speculations. Here are the highlights of this year’s proposed budget 2017 and for the benefit of our clients, we have bifurcated the proposals relevant for salaried class. Budget 2017, Proposals relevant... read more
Statutory Compliances in Indian Payroll System
Payroll management system is all about maintaining the records of employees, from recruitment till there retirement. Payroll Management is simply used to build an application program for maintaining the records of employees working in the company. A payroll system... read more
Understanding GST Law (Blog ii in the series)
GST is a value-added tax levied at all points in the supply chain with credit allowed for any tax paid on input acquired for use in making the supply. It would apply to both goods and services in a comprehensive manner, with exemptions restricted to a minimum. It is... read more
Workforce Expectations and HR Trends in 2017
There is lot been discussed about workplace trends, employee engagement, how to beat attrition etc., across economies. The digital age in business has created ample of opportunities and therefore employees are taking the front seat once again. Businesses are facing... read more
Understanding GST and Key Points for Registration in GST
The businesses in India have been driven evidently by the Indirect Taxes and these taxes have led to restructuring and remodeling of major business operations and systems owing to changes in taxes and costs involved. And proposed GST is evidently the most talked about... read more
Best Payroll Practices and Significance
Talking about the Best Payroll Practices, I remember reading somewhere that an organization without payroll system in place is like an island without man. A business leader knows that Payroll is a necessary component of any business organization- be it big or small.... read more
How Payroll Changes your Work Life?
Payroll is often understood as a boring subject to read about but those who understand the importance of finances in connection..
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