Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Payroll management is time-consuming and complex and requires full business confidentiality. Managing employee data, answering queries, preparing reports and looking into payroll processing, all often at the same time, becomes overwhelming and stressful for the HR department. What are some common issues in payroll processing? Calculating taxes, Provident Fund (PF) and ESI deductions, travel/ medical/ […]

Why Buying a Payroll System is Better than Outsourcing Services

Why Buying a Payroll System is Better than Outsourcing Services

Payroll is not only about cutting pay cheques or just clearing bills. It is a deep world inside. A survey was conducted by The National Small Business Association to understand their approach to handle payroll processes in small business organizations. After analyzing responses from approximately 1,500 small business owners, the research stated that 60% businesses […]

Why To Invest In Online Payroll Software?

Why To Invest In Online Payroll Software?

As an HR technology solution provider, we often experience ever-increasing demand for an online payroll software, that requires fewer resources and increases productivity as well as return on investment (ROI). An online payroll software not only saves time while processing payroll, but also reduces mathematical errors (less risk of being hit with IRS penalties). It […]

ESI deduction and PF deduction for Statutory Compliance

ESI deduction and PF deduction for Statutory Compliance

Statutory Compliance Requirement for ESI Deduction The statutory compliance requirement for ESI deduction is as follows: ESI fund, maintained by ESIC,  is applicable to employees earning Rs 15,000 or less per month to provide the cash and medical benefits to them and their families. This fund is a contributory fund in which both the employer […]