Yet, they are not quite similar in their meaning and approach! Let’s understand the differentiating factor in the upcoming section. Is UAN the Same as EPF? No, UAN and EPF are not the same. The Employee Provident Fund (EPF) is your savings fund. The Universal Account Number (UAN) is...
What is the Salary of MD/MS & MBBS Doctors in India? Doctors with an MBBS, MS, or MD medical degree draw attractive pay packages. However, the salaries depend on whether they are general practitioners and run their private practice or highly specialised like heart and brain surgeons who serv...
Software is often used for payroll and requires minimum input from employers. Employers are required to input wages and hours worked and then the software uses this information to automatically perform calculations and deduct withholdings. Most payroll system software is automatically updated when tax la...
Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components, ex HRA, are calculated based on this amount. It usually depends on one’s grade within the company’s salary structure. It is afixedpart of one’s compensati...