Section 80G of the Income Tax allows deduction from taxable income in respect of donations paid to approved funds and charities. Let's find out how you can save tax while giving to charity. To claim benefits under Section 80G, you should contribute to a fund or charity [...]
The National Social Security Fund is a friendly service organization that exists for the public good. It offers social protection to all workers in Tanzania, in the private sector. NSSF register members, receive their contributions, manage funds of the scheme, process, and ultimately pay out benefits to eligible members or dependents.
Workers Compensation Fund is a social security scheme established to provide for adequate and equitable compensation for employees who suffer occupational injuries or contract occupational diseases arising out of and in the course of their employment and in case of death, for their dependants.
Your employer is responsible to deduct income tax from your salary. The income tax calculation is affected by factors such as: income other than salary, house rent, investment in certain funds, housing loan interest, and so on. In the beginning of a financial year, you have to make declarations to the employer on, what investments [...]
Process TDS for all your employees in just a few clicks. This document describes how you can do that. Step 1 : Employee Investment Declarations Step 2 : Manage investment declarations Step 3 : Process TDS for all employees Step 4 : Compute TDS [...]
Appraisal, in the context of HR, refers to the process of evaluating and assessing an employee's performance, skills, and achievements within an organization. It is a formal and structured review conducted periodically to provide feedback, set goals, and make decisions regarding promotions, salary adjustments, training needs, and career development. [...]
Income tax on employment income For tax purposes, an employee is defined as an individual engaged to perform services under the direction and control of another person. This engagement can take place on either a permanent or temporary basis. The definition does not include independent contractors but does cover directors, other office holders [...]
Individuals, whether resident or non-resident in Jordan, are taxed based on income earned in the kingdom from all taxable activities, including income from employment, business (either as sole proprietors or as partners), rental income, and directors’ fees. The rates of tax on the annual taxable income of individuals are progressive and range from 5% to 30%. An additional 1% national contribution tax applies for individuals on income exceeding JOD 200,000.
The General Organization for Social Insurance (GOSI) is a Saudi Arabian government agency concerned with social insurance in the country. GOSI is supervised by a board of eleven directors from government departments, employers, and insured persons. GOSI enjoys administrative and financial independence. fourteen-member Board of Directors, supervises GOSI.
Individuals are considered a resident for taxation purposes if they are present in Egypt for more than 183 days in a fiscal year; are deemed to have a permanent abode in Egypt; or are Egyptian nationals performing their work in a foreign country but being paid from an Egyptian source. Non-residents are subject to tax on income earned or realized in Egypt only, at the same rates as residents. Residents are taxed on their worldwide income if their center of commercial, industrial, or professional activities is in Egypt.
