Income Tax Rules for FY 2019-20: Impact on your Financial Planning

Income Tax Rules for FY 2019-20: Impact on your Financial Planning

In the Interim Budget presented on 1st February 2019, the Indian government has announced changes in the income tax rules for the financial year 2019-2020. These tax deduction rules are effective from April’19 onwards. Highlights of Income tax rules for FY 2019-20 There is no change in income tax slab rate for financial year 2019-20 […]

Payroll Solution That Ensures 100% Statutory Compliance and Regulation

Payroll Solution That Ensures 100% Statutory Compliance and Regulation

Payroll is a complex process that becomes more challenging with a company’s unique processes, compliance issues, varying allowance and deductions and with constantly changing legislation. This, often puts businesses at a risk as there is so much at stake in terms of penalties, additional scrutiny and reputation of the company. Many organizations manage this process […]

Can a Payroll Software be an Effective HRMS?

Can a Payroll Software be an Effective HRMS?

How do companies manage their employee data? I often have discussions with senior management of small and mid-sized companies on the HR software they use to manage their employees. In many cases – the only HR software that companies use is a payroll software. Their employee data is typically spread between their payroll software, spreadsheets, […]

Top 4 Online Payroll Management Practices for 2018

Top 4 Online Payroll Management Practices for 2018

A lot has changed in payroll management over the past few years. Earlier, payroll processing meant manual calculations that was time consuming and lead to data entry errors. Today, organizations use automated system to process payroll accurately and meet statutory compliance. With the access to latest technologies, small to medium-sized businesses can now successfully meet […]

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/ […]

Solve 5 Major Payroll Challenges with An Online Payroll Software

Solve 5 Major Payroll Challenges with An Online Payroll Software

Transitioning paper-based payroll processing to an online payroll system has always been a debatable topic for the leadership in many organizations. Despite having payroll software and resources, organizations consistently face payroll management challenges. A payroll management administrator encounters many payroll issues on day-to-day basis, each with varying degree of success in resolving them. Many organizations […]

Why to Choose a Reliable Compensation Planning System

Why to Choose a Reliable Compensation Planning System

Compensation planning is one of the best HR practices that encourages use of different pay benefits to attract, recruit and retain best talent. Employers look up to Compensation Management as a powerful way to reward high performing employees for successfully achieving their goals. unfortunately, not all organizations are good at managing and implementing compensation plans. […]

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 Associations 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 […]

What is Payroll and how are Payroll Calculations done?

What is Payroll and how are Payroll Calculations done?

This blog explains the steps involved in Payroll calculations to minimize challenges and develop a satisfied workforce. 6% – 13% employees have payroll related challenges every pay period. Most of these lead to queries for the payroll processing department (HR or accounts) and create significant dissatisfaction, re-work, stress and disruptions. It is believed that a […]

Statutory Compliances in Indian Payroll Management System

Statutory Compliances in Indian Payroll Management System

What is Statutory Compliance? Statutory compliance, in HR, refers to the legal framework within which organizations must operate, in the treatment of their employees. Every country has several hundreds of federal and state labour laws that companies need  to align with. This list is forever being added to. A lot of your company’s effort and […]

Best Practices for Payroll System

Best Practices for Payroll System

Payroll system is one of the most important employee related system in any organization howsoever small it may be. Calculating accurate payroll and disbursing employee salaries in a timely manner determines the image of a company and is strongly linked to employee satisfaction. However, calculating salaries accurately and paying it as per policy is not […]

Best Practices for your Payroll Management System

Best Practices for your Payroll Management System

Whether you have 15 or 1500 employees in your company, it is always better to use an automated payroll management system instead of calculating payroll manually in your company. You can manage your large or small business payroll, using the best practices of a payroll management system . If you are a large organization then […]