Payslip is basically a report giving details of the money earned periodically by an employee under wages or salary and the deductions applicable such as Loss of pay, Taxes, Pension contributions etc are also mentioned in the payslip. Payslips are distributed among employees to pass information regarding the net pay they earn as salary and also as a proof of record for the transfer.
he Kerala government has decided to levy a cess called Kerala Flood Cess for the purposes of providing reconstruction, rehabilitation and compensation needs which had arisen due to the massive flood which occurred in the State of Kerala in the month of August, 2018. Kerala Flood Cess is levied under Section 14 of Kerala Finance Act, 2019.
National Hospital Insurance Fund (NHIF) Kenya is a State Parastatal that was established in 1966 under the Ministry of Health. It was transformed to a state corporate to operate more efficiently. The NHIF’s core mandate is to provide medical insurance cover to all its members and their declared dependants (spouse and children). The NHIF membership is open to all Anyone who has attained the age of 18 years and have a monthly income of more than Ksh 1000. NHIF has 61 fully autonomous branches across the country. Each of these branches offers all NHIF services including payment of benefits to hospitals or members or employers. Smaller satellite offices and service points in district hospitals also serve these branches.
What is National Social Security Fund (NSSF)? The National Social Security Fund is a friendly service organization which exists for the public good. It offers social protection to all Kenyan workers. We provide social security protection to workers in the formal and informal sectors. We register members, receive their contributions, manage funds of [...]
What is PAYE (Pay As You Earn)? PAYE is a process of collecting tax from salaried individuals in Kenya. Pay As You Earn (PAYE) is the mandatory tax levied on all employees’ income. In Kenya, the government manages the PAYE tax through the Kenya Revenue Authority (KRA), which collects the statutory contributions from [...]
Government has approved and released notifications reducing the rates of Employee State Insurance Contribution rates. Employer contribution is reduced to 3.25% from 4.75% and the employee contribution is reduced to 0.75% from 1.75%. The revised rates of ESI contributions shall be effective from July 01, 2019. G.S.R. 423 (E).—Whereas a draft containing certain rules [...]
The Interim Budget of financial year 2019-2020 (Assessment year 2020-2021) was presented on February 1, 2019 by the interim Finance Minister of India, Mr. Piyush Goyal. The key changes proposed in the budget that directly affects the salary earning employees of India are listed in the following sections of this page. Employees with up [...]
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Provident Fund - Universal Account Number Universal account number or UAN is a unique number given to every member of Employees Provident Fund. This 12 digit number links various EPF members ID. The UAN does not change in lifetime. You can change many jobs, but this number will be with you. This number does not [...]
TDS slab rate for financial year 2016-17 remains unchanged in the current union budget that was announced on Feb 29, 2016. However, with reference to financial year 2015-16, some key changes have been made in tds in union budget 2016-17 that the government claim to be benfitting for tax payers. The major tds changes [...]