Navigating Labour Law Compliance Calendar: June 2024 Edition
Title: Navigating Labour Law Compliance Calendar: June 2024 Edition
Introduction: As we step into June 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...
Changes In Income Tax Return Form No 1 to 4 for Assessment Year 2024-25.
No change in the applicability:
The CBDT has not amended R12 of the Income-tax Rules, 1962, which outlines the criteria for the applicability of ITRs to different classes of taxpayers and method of furnishing returns and the same can be summarized as below for the AY 2023-24:
Nature of income
ITR 1
ITR 2
ITR 3
ITR 4
Salary Income
Income from salary/pension (for...
How does an employee database management system improve your business?
An employee database management system significantly enhances business operations by centralizing and organizing crucial employee information efficiently. With an employee DBMS in place, businesses can easily store, update, and access employee data such as personal details, job roles, performance metrics, and training records in a secure and structured manner. This...
How can an Effective Leave Management System Increase Employee Productivity?
An efficient system of leave management, operated by using nowadays’ leave management software tools, is one of the most efficient levers to enhance employee productivity with several key mechanisms. Firstly, the software lays out the platform for employees to apply and handle their leaves, streamlining the process, resulting in fewer admin tasks and delayed approvals. Such...
Which is better for small businesses- Manual payroll or Automation?
Small businesses tend to benefit more from automation of payroll through payroll software than manual payroll systems in the case of payroll processes. Though the manual payroll system may seem cost-leaning (conservative), however, it is more prone to errors and time consuming especially, when the business grows. The utilization of handwork may be labour intensive,...
Where Do Most Errors Occur in Manual Attendance Tracking?
Major mistakes with manual attendance tracking are a result of human forgetfulness and the general weakness of handbook operations. Manual counting has immense scope for errors as one can easily misread handwriting, record an incorrect time or even can skipENTRY in and OUT. The mistakes will bring issues with payroll calculation accuracy, wrongly counted hours, and possibly...