Let's find out how you can calculate Income Tax from Taxable Income using an online income tax calculator. Step 1: Open the income tax calculator Step 2: Fill in the basic details Step 3: Key in your salary details Step 4: Declare your investments Step [...]
In the previous videos, we were automating the calculation of overtime. The automation is working well, but my company has a flexible start time for shifts, so, employees can come in early or late. If an employee works beyond 8 hours, we want to pay him overtime for the extra hours he puts in. [...]
In the previous video, we calculated overtime automatically for all employees who work beyond planned work hours. But often my employees leave a little late as they have to do clean up after work. If an employee leaves later than planned, I don’t want to consider it as overtime if the extra work duration [...]
Sometimes, my employees work beyond planned hours and then I want to pay them for their extra work. I want this overtime calculation to be fully automated and paid along with employee salaries. This help document describes how you can configure Lenvica HRMS to get this done. Step 1: [...]
A muster roll is a document or list that records the attendance and sometimes other information, such as pay or conduct, of employees for a specific period. It is used to ensure that all employees are accounted for and to track attendance for pay and other purposes. A muster roll is typically taken [...]
A leave encashment policy is a set of guidelines or rules established by an employer that outlines the process and conditions for an employee to receive payment for unused or accumulated leave days usually at the end of an year or at the time of their termination, retirement, or resignation from a company. [...]
A restricted holiday is a holiday that is limited in its availability or usage, usually by an organization or an employer. It is often used to refer to holidays that are only given to certain employees or groups of employees, based on their job role, seniority, or other factors. [...]
Leave encashment refers to the practice of paying an employee for unused or accumulated leave days usually at the end of an year or at the time of their termination, retirement, or resignation from a company. This means that an employee can receive payment for the unused vacation days [...]
Disciplinary action refers to the measures taken by an employer against an employee for violation of company policies, rules, or standards of conduct. Disciplinary action can range from verbal or written warnings, to suspension, demotion, or termination of employment. The purpose of disciplinary action is to correct behavior or [...]
Lateral hiring refers to the process of recruiting employees who already have experience in a specific field or industry, rather than hiring entry-level candidates or promoting from within. The term is often used to describe the hiring of experienced professionals from other companies, rather than recruiting fresh graduates or interns.This type of [...]