Tax Deducted at Source (TDS) is a crucial compliance mechanism under the Income Tax Act, 1961. Section 194I specifically deals with the deduction of TDS on rent payments. In this blog, we will explore the provisions, applicability, limits, and rates under Section 194I, along with a real-life case study to illustrate the implications of not deducting TDS on rent.
Applicability and Rates under...
The use of payroll software in Bangalore also has helps to increase employee satisfaction through the automation of payroll services. To this extent, this software does away with mistakes and lateness in salary calculations and disbursements to the employees. The process of calculating deductions, bonuses and reimbursements becomes easier and...
HR software in Mumbai is a necessity for startups where companies tend to experience exponential growth. They include; recruitment, staff onboarding and remuneration, the system adopted helps eliminate these bottlenecks as the staff strength grows. This software consolidates all your information about the employees, thus easing the compliance...
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...
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...
This is appropriately done when the current system in a company’s human resource management is inadequate for the organization. As organizations expand it gets challenging to handle data, the employee’s payment, compensation, and ensure that they meet regulatory requirements. Inadequate and old HR software causes several challenges and hiccups in the organization especially among the human...
Employee self service portals (ESS) are a crucial component for small and medium-sized enterprises (SMEs) due to their significant impact on operational efficiency and employee satisfaction. These portals also enable the employees to be self-sufficient as they are able to directly arrange their own personal details and other employment related details including changing contact information,...
