Category Archives: payroll

Statutory Compliance in Payroll – A Complete Guide

By Savithri Subramanian
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Statutory Compliance means adhering to rules and regulations of the state in which the business is established.  All the labor and taxation laws of the state come under statutory compliance.  Every company in India has to mandatorily abide by both national and state-level laws. Hence dealing with statutory compliance requires companies to be well-versed with the […]

Payroll in India: Basics, process & more

By Pavan Kumar
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Every employee works the whole month and looks forward to the compensation given as salary at the end of the month.  The accounting personnel working in excel sheets executing pay for the employees avoiding errors. The employees’ attendance and leaves also need to be checked while calculating the salary. To add to the woes, tax […]

Professional Tax levied in India

By Sonam Shaikh
professional tax

Professional tax can be defined as an indirect tax that is levied by a state government on all individuals who earn an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. This is a type of tax that needs to […]

What is ESI and What are its benfits ?

By Pavan Kumar

Employees’ State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers.The fund is managed by the Employees’ State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948. ESIC is a Statutory Body and Administrative Ministry is Ministry of Labour and Employment, Government of […]

What is employee provident fund scheme & How much money is deducted as PF ?

By Pavan Kumar

  Employee Provident Fund is a retirement savings scheme that the government of India has mandated for all salaried employees. A minimum of 12% of the basic salary is deducted from your salary and deposited in the EPF account, which is maintained by the Employee Provident Fund Organization. All organizations in India that have more […]

Understanding Form 16 : HR’s Guide

By Pulse Admin

1) What is Form 16? Form 16 is a certificate issued by your employer that acts like a salary certificate for a financial year. Form 16 lists the annual salary the company paid you paid an employee and the amount of tax deducted during a particular financial year. It clearly mentions your gross income, net […]