Leave management software provides many benefits to different stakeholders in an organization but most gains are recorded with the human resource department and the employees. For the employees, this material help them to keep track of their leave requests and those of their subordinates for the Human Resource teams, thus reducing workload and...
To understand the nature of being an organised system of work, the use of employee self-service technology forms part of the digital human resource management practices that are thriving in the modern world organisation today. Employee self-service also refers to the tool that enables the employees to modify their own records, look for...
Under the GST regime, proper documentation is crucial for compliance and accurate tax reporting. Two important documents in this context are Debit Notes and Credit Notes. This blog aims to provide a comprehensive overview of these documents, their purposes, and the situations in which they are used, with a focus on GST treatment.
Introduction to Debit and Credit Notes
Debit Note: As defined...
The Employees’ Provident Fund (EPF) scheme is a mandatory retirement savings plan for employees in India, regulated by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Employers and employees contribute to the EPF on a monthly basis, and the contributions accumulate to provide financial security for employees upon retirement or during emergencies. One of the critical...
Introduction
The Indian tax landscape has undergone significant changes over the years, aiming to curb tax evasion and promote transparency in business transactions. One such critical provision is Section 40A(3A) of the Income Tax Act, 1961. This section deals with the disallowance of business expenses in cases where payments exceeding a specified limit are made in cash. This blog explores...
07th
TDS/TCS
Payment for July 2024.
10th
GST
Return for authorities deducting tax at source – GSTR 7 for July 2024.
Details of supplies effected through the e-commerce operator and the amount of tax collected-GSTR 8 for July 2024.
11th
GST
Details of outward supplies of taxable goods and/or services effected – GSTR 1 for July 2024.
13th
GST
Invoice Furnishing...
Introduction: As we step into August 2024, businesses across India are gearing up to ensure compliance with various labour laws. Understanding and adhering to these regulations are vital not only to avoid legal repercussions but also to foster a healthy work environment. In this article, we’ll delve into the Labour Law Compliance Calendar for August 2024, highlighting key dates...
Small businesses can significantly benefit from implementing an attendance management system in various ways. Firstly, it streamlines the process of tracking employee hours, reducing the administrative burden on HR staff and minimizing errors associated with manual timekeeping. This leads to more accurate payroll processing, ensuring employees...
Selecting the right Human Resource Management System (HRMS) for your workforce helps in streamlining the different HR tasks and the company’s overall development. The first process in choosing the right HRMS software is determining your organization’s requirements and goals. These considerations include the number of employees, the level of sophistication of the company, and what specific...
