Since gratuity is time-based, it is important to understand how continuous service is calculated. Any employee who offers their uninterrupted service to their organization, leaving out absences that aren’t any fault of the employee, is considered to be in continuous service. ...
To compute income tax with payroll management, determine what proportion of the employee’s gross compensation is taxed. Always compute income tax on a gross pay basis. In India, different tax slabs correlate to different gross salaries earned. The lowest income tax bracket is 5%, while the hig...
There is a snag, however. Industrialisation is even harder to induce than it was 40 or 50 years ago. Technological advances mean that fewer workers than ever are needed to produce, say, a pair of socks. In India five times fewer workers were required to operate a factory in 2007 than in...
this incredible engine of innovation can be harmful if it isn't properly regulated. While it's great for people in the United States or Canada to have access to inexpensive cotton products, this benefit is reduced if cotton farmers in China or India don't receive fair compensation that promot...
How Is National Government Debt Calculated & Reported? There are many different ways to count a country’s national debt and theSwedishgovernment uses the “non-consolidated central government debt” model. Other countries cout “general government debt” and their national debt. ...
Pay periods are the dates for which payroll calculations are carried out and span a month, a fortnight or a week. A payroll cycle meaning monthly, weekly or biweekly payouts to employees in exchange of their services or work. A payroll is calculated at the end of each pay-period based on...
Before you open a brokerage account with a brokerage firm in Singapore, you first need to open a central depository (CDP) account. What is the difference? A brokerage account allows you to trade shares through your brokerage firm. The CDP account is where all the shares you purchase from th...
Etsy collects a 6.5% transaction fee in your listing currency for every sale you make. If you’re an Etsy Payments user, the transaction fee is automatically processed through your account once you make a sale. Etsy’s transaction fees are calculated as a percentage of the sale, including fe...
Tip: Japanese train fares for Shinkansen, Express & Limited Express trains consist of a basic fare + a reserved seat fee or unreserved seat fee for that type of train. For example, Tokyo to Kyoto by shinkansen is ¥8,360 basic fare + ¥4,960 shinkansen unreserved seat fee = total fa...
over economic growth,” said an executive at an Apple supplier whose facilities in China employ hundreds of thousands of workers. “Our strategy is to lay low, to accelerate production shifts [to south-east Asia and India], and divest our money gradually from China in the next few years.”...