India Payroll & Statutory
ESIC Act, 1948: The promulgation of Employees' State Insurance Act, 1948(ESI Act), by the Parliament was the first major legislation...
Fri, 2 Oct, 2020 at 3:25 PM
The government has reduced the contribution under the Employees’ State Insurance (ESI) Act to 4% from 6.5%, a move expected to increase the take-home salary...
Fri, 2 Oct, 2020 at 3:25 PM
In India, income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and ...
Wed, 30 Sep, 2020 at 4:07 PM
The Budget 2018 has proposed no changes in the income tax rates and slabs for the FY 2018-19. However, Cess has been hiked to 4 per cent from 3 percent a...
Wed, 30 Sep, 2020 at 4:07 PM
The "Employees Provident Fund Organisation (Abbreviated as EPFO)" is an organisation tasked to assist the central board of trustees. Employees Pro...
Tue, 9 Feb, 2021 at 3:53 PM
Under the scheme announced, the Central government employees are allowed to get cash in lieu of their entitlement for leave and LTA both whereas other emplo...
Fri, 22 Jan, 2021 at 3:27 PM
What is Income tax? Income tax is an annual levy or tax on the income earned by a particular person during a financial year. It is charged and collecte...
Wed, 7 Jul, 2021 at 1:59 PM
Salaried individuals, who are living in rented houses, can claim the House Rent Allowance (HRA) to lower their taxes – partially or wholly. The allowance is...
Wed, 7 Jul, 2021 at 2:00 PM