Professional fees refer to the charges or payments made for the services of professionals such as lawyers, accountants, consultants, and other specialized service providers. These fees are typically charged on an hourly, daily, or project basis and are based on the complexity and duration of the services provided. They are [...]
A salary breakup refers to the breakdown of an employee's salary into different components, such as basic pay, housing allowance, travel allowance, and various deductions. It is a detailed breakdown of the various elements that make up an employee's total salary package. It typically includes the gross salary, basic salary, various allowances, deductions, [...]
Statutory compliance refers to the adherence to laws and regulations set forth by government agencies. This can include compliance with labor laws, taxes, health and safety regulations, and environmental protection rules. Businesses and organizations must follow these rules in order to avoid penalties or legal action. [...]
The Employee Self Service Portal can drastically change your work environment. Earlier, you had to wait for hours or days for an approval, but the approvals are almost instant now! No more filling papers, everything is fully electronic. It's no longer required to meet your HR to apply for a leave, to submit [...]
Your employees may be working from different locations across the globe. But, the attendance software collects data from all locations in real-time! Time Attendance or Access Control devices uses biometric authentication technologies like Face, Palm or Fingerprint Identification to collect data accurately and instantly. [...]
Compensatory Off or Compensation Off or simply Comp Off is a leave granted to an employee as a compensation for working on a holiday or a weekly off day at the request of his employer. Employers may request employees to work extra hours to meet unforeseen emergencies and later the employees can be compensated [...]
A notice period is the amount of time an employee has to work for his employer after employee notifies employer on his resignation or the employer notifies the employee on termination of his employment, or in other words, a notice period is the amount of time an employee has to work for his employer [...]
An ‘overnight shift’ or simply ‘Night shift’ is a shift that overlaps midnight. An overnight shift usually starts between 10PM and midnight and ends between 6AM to 8AM. A factory usually has 8 hours per shift and an overnight shift usually starts at 10PM and goes on until 6AM the next day. In a [...]
HRA Exemption Calculator enables you to save income tax on House Rent Allowance. Eligibility criteria for HRA Exemption You should have received House Rent Allowance from your employer You should have paid House Rent to your Landlord How to calculate HRA [...]
Steps to calculate Income Tax? First, calculate your Taxable Income. Second, apply the Taxable Income on the appropriate Tax Slab Then, you get your Income Tax. How to find your Tax Slab - New Regime The New Regime has only one [...]