Yes, if you intend to access the EPF portal to access online services, it is necessary to connect the UAN directly to both your PAN and Aadhaar. Q: What is the process for employees to receive the UAN number? Ans: If you're employed by an organisation that employs more than 20 people...
Thus, the cost to company is the total expenditure from the point of view of the employer. It includes money spent on an employee for salary, reimbursement, allowance, gratuity, post-retirement benefits, insurance, or other expenses. Let us take an example to know how to calculate gross ...
Statutory compliance:At the time of processing all statutory deductions like EPF (Employee Provident Fund), TDS (Tax Deduction at Source), and ESI (Employee State Insurance) are deducted. The payroll administrator then sends the amount to the appropriate government agencies. The frequency of this p...
Reason of rejection of EPF Withdrawal : FATHER”S NAME OF MEMBER DIFFERS WITH CLAIM FORM.We assume that once we have provided the correct data, things would be fine and we don’t bother to check the details. For example our employer deducts the Provident Fund money and we check the paysl...
So the employers asks employees for declaration of the their proposed investments for tax exemptions/deductions from employees in the beginning of the financial (April itself) . This helps them to calculate the taxable income according to the investments proposed and deduct the tax accordingly. ...
That’s why it is necessary to consider all such deductions while computing salaries. Income tax is one such deduction. At the beginning of the year, employees are asked to declare their taxes and choose one tax regime from below. Based on the above tax slabs, you calculate the monthly tax...
proofs for the same, and Deskera People will auto - calculate the Income Tax based on the type and amount of each investment. The main incentive for employees’ to declare their investments is that it reduces their net taxable income, thereby decreasing the amount they need to pay as Income...
2. CTC- Enter the changed salary under CTC. 3. Default- This default value will only be utilized outside of the effective from date. - If you choose the effective from date, then the system will calculate the payroll based on that salary form that particular month onwards. ...
After the above details are filled, click on calculate capital gains button and another page will open. In this page, you need to provide following details Type of investment. The period between the purchase and sale. Capital Gain type; Short term or Long-Term Capital Gains. ...
How to claim Income Tax refund? How To Keep A Track On Income Tax Refund Process? Interest Applicable If Income Tax Refund Get Delayed Setting-Off Outstanding Income Tax Liabilities Against Refunds Calculate your tax liability with applying all the deduction and compare the amount with the amount...