14th July 2017 10:46 am
The payroll or HR department is responsible for the creation of a wide array of payroll data and information that is significant for any business. These primarily include employment and salary related records from hiring to benefits to retirement. But what happens when a company doesn’t have a dedicated payroll…
11th July 2017 10:07 am
Section 80c Under Section 80C, the maximum tax exemption limit is Rs 1.5 Lakhs per annum. The various investments that can be claimed as tax deductions under section 80c are listed below; PPF (Public Provident Fund) EPF (Employees’ Provident Fund) 5 years Bank or Post office Tax saving Deposits National…
29th November 2015 16:48 pm
Why Auto Enrolment? The private pension funding had poor reception from employees because it required the employees to opt into the pension scheme themselves, and there was no obligation for the employers to make contributions. The new Auto Enrolment regulation requires the employers to make provisions for a pension scheme…
27th November 2015 12:28 pm
A new National Living Wage (NLW) is being introduced from April 2016. During his budget announcement, George Osborne explained that the NLW will be compulsory, and the government aims at reaching an NLW of £9 an hour by the year 2020. Here is an insight into the details of the…
26th November 2015 12:21 pm
April 2016 sees a change in the tax regulations that will affect Scottish taxpayers. The UK income tax for Scottish taxpayers will reduce by 10p in the pound and at the same time a new Scottish income tax will be levied in its place. The rate of Scottish income tax…
