6 Reasons You Shouldn’t Run Your Payroll In Excel Sheets Payroll is a common occurrence across all organizations, irrespective of their size or shape. It is a well-known fact that running a payroll manually requires a lot of work, time and dedicated effort from HR and Finance teams.
Withdrawal rules of provident fund account Provident Fund is a product which helps salaried people to accumulate funds while they are earning for the period the income flow stops. So generally it is not supposed to be withdrawn before its maturity and jeopardise one’s retirement. However there are circumstances when resorting to the money accumulated […]
Things you should know about car insurance Policy A car insurance policy offers several benefits and flexibility which could do wonders for you. But for availing such benefits of car insurance, you should be totally aware of, otherwise, you might be left with a policy that would prove to be inept when you would need it […]
Employees’ Provident Fund – All you need to know The Employees’ Provident Fund (EPF) is a savings tool for the workforce. It is a scheme managed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees’ Provident Fund Organisation (EPFO).
Proposed increase in tax-free gratuity limit to Rs 20 lakh – Who will get benefit ? The government has proposed to hike the tax free gratuity payment limit from the current Rs 10 lakh to Rs 20 lakh – on 12 September 2017, the Cabinet cleared The Payment of Gratuity (Amendment) Bill, 2017. However, before […]
Link your UAN to Aadhaar to get online PF claim in 5 days For several employees, withdrawing one’s own money from the EPFO had been a tough task. The claim settlement process which earlier took several months, if not years, even required the employee to get the attestation done from the employer and withdraw through online […]