Using an HRMS, an organisation can better manage its human resources by using the power of technology. The goal of an HRMS is to make the business more productive and efficient by automating manual and repetitive processes. It also allows the HR personnel to focus on strategic, business-critical duties...
The article discusses Payroll Preparation, Meaning, Software, Methods to process payroll. and Challenges in Handling Payroll Management Process. Payroll - Meaning Payroll is a list of the company's employees who are paid. The total amount of money paid to employees by the company is sometimes referred to as payroll. It entails...
The finance and payroll team is in charge of collecting and validating employee receipts and investment proofs. Employees plan their investments in their IT Savings Declaration forms at the start of the year. Around year-end, financial staff begin collecting investment proofs to check their legitimacy and calculate income tax....
Statutory Compliance for Startups Companies Act, Limited Liability Partnership Act, Insolvency and Bankruptcy Code, competition act and partnership act manage and regulate compliance mechanisms for forming and continuing a business entity. The Ministry of Corporate Affairs (M.C.A.) is in charge of these mechanisms. Tax regulation and compliance for the Direct and...
After incorporation, every company in India is required to comply with ongoing government rules and regulations; a private company is needed to conform with the many laws and requirements of the Companies Act 2013 and the rules promulgated thereunder. The Registrar of Companies (ROC) is the designated authority responsible...
The Limited Liability Partnership (LLP) has become a popular form of organisation among entrepreneurs since it combines the advantages of a partnership firm and a corporation into a single entity. In 2008, India adopted the concept of the Limited Liability Partnership (LLP). An LLP combines the qualities of a...
Payroll Statutory Compliance The term "statutory" refers to rules and regulations that are "of or linked to statutes." Adherence is defined as compliance. As a result, Statutory Compliance refers to following the laws and regulations. In HR, statutory compliance refers to the legal framework that a company must follow when interacting...
The article discusses Liquor License Cost in West Bengal, How to apply and get Liquor License in West Bengal. Eligibility Criteria for Liquor License In order to apply for a liquor license in West Bengal, the applicant must meet the following requirements: The individual must be at least twenty-one years old...
The business climate in India is in a state of flux. Regulatory reforms are having an impact across industries even as it has never been easier to get the best business financing before. July 2017 saw a significant shift in how the country taxed goods and services as the Goods...
Kolkata Property Tax A state government's primary source of revenue is taxes. The availability of resources is determined by the taxes received from residents. Every property is under the taxation umbrella, which means that a property tax is an annual amount paid by the property/landowner to the state government to...
