Earlier companies used to transfer salary directly to employee's bank account. After inception of WPS Kerala, company has to notify the WPS system to initiate salary transfer. The Wage Protection System in turn informs the bank to transfer the salary to employee's account. I’m going to [...]

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 [...]

Assessment Year (AY) is the year in which a Financial Year's income is assessed. A Financial Year cannot be assessed until it is complete. So, the Financial Year is assessed in the year following, and hence the year that follows a Financial Year is called the Assessment Year. A Financial [...]

A Fiscal Year also called a Financial Year is a twelve month accounting period that a government or a business uses for financial and tax reporting purposes. A Fiscal Year may not be the calendar year, it's different for different countries and businesses. Fiscal Year in different countries The Fiscal [...]

A Financial Year also called a Fiscal Year is a twelve month accounting period that a government or a business uses for financial and tax reporting purposes. A Financial Year may not be the calendar year, it's different for different countries and businesses. Financial Year in different countries The Financial [...]

Compassionate Leave also called Bereavement Leave is a type of leave granted to an employee following serious illness or death of a relative or a friend. How to apply for a Compassionate Leave The Employee Self Service Portal allows you to raise Compassionate Leave requests from your mobile phone. [...]

Bereavement Leave also called Compassionate Leave is a type of leave granted to an employee following serious illness or death of a relative or a friend. How to apply for a Bereavement Leave The Employee Self Service Portal allows you to raise Bereavement Leave requests from your mobile phone. [...]

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 [...]

I was spending a lot on Income Tax until last year, but now, I’ve found a free online tool that helps me bring down my income tax to nil. Follow me and I'll show you how to use the Income Tax Calculator, it's easy! Open [...]

Over 95% of employees think Income Tax is far too complicated. Calculate your own income tax with data from your payslip and learn to calculate yourself! First, Open the Income Tax Calculator Open Income Tax Calculator Key in data from your payslip [...]