Tax-Exemption Limit on Gratuity raised to Rs 20 Lakhs The Cabinet has approved the bill seeking to raise tax-exempt gratuity limit to Rs 20 lakh from the current level of Rs 10 lakhs. As per current laws under the Payment of Gratuity Act 1972, the gratuity [...]
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EPFO Discontinues Submission of Physical Form 9 for PF Previously Form 9 in hard copy need to be submitted by employer to respective EPFO office for allotment of PF number to the employees including employee’s personal information. But with effect from 01/10/2017 it is order for [...]
All About Flexible Benefits Plan How does Flexible Benefits Help Your Employees What are Flexible Benefits? Flexible benefit plans is a way of structuring a CTC structure of an employee while offering employee benefits such as Conveyance and Medical Expenses. A CTC structure has various components such [...]
Is your Payroll Statutory Compliant? A Guide to Statutory Compliance in HR & Payroll Statutory compliance in HR refers to the legal framework which organizations must abide by with respect to the treatment of their employees. Most of your company’s time and money goes into ensuring [...]
New Product Update: Manage Admin Permissions An ideal intuitive HR platform must not only aim to automate HR & Payroll Processes but also focus on making delegation & organization part of the HR Team’s DNA. Quikchex being one of the leading HR & Payroll Solution in [...]
Important Compliance Alert: EPF Amnesty Scheme Deadline Approaching The EPFO has launched the EPF Amnesty Scheme campaign from January 1st where employers will get amnesty and pay just Re 1 as damages for each year of default. This campaign by the EPFO aims to get all [...]
A Complete Guide to Creating an Ideal Leave Policy (and Implementing it) As a CEO & HR Manager striving to keep your team motivated and productive at your workplace, many employee engagement activities may have come to your mind. While fancy corporate retreats may work, they [...]
Full & Final Settlements: All You Need to Know Full & Final Settlements commonly known at the FnF process is the procedure required to be followed by the employer after the employee has resigned from his/her services. The procedure is fairly simple and is as per [...]
Top 5 Reasons SMEs need Payroll Outsourcing this new Financial Year Your everyday Human Resources Manager is a 20 something wide-eyed MBA graduate who thought she would be the culture-maker for the organization that she worked for. Little did she know that most of her time [...]
Weighing the Pros & Cons of Opting for Provident Fund With the recent proposal of the EPFO to increase the wage limit of Provident Fund to a monthly salary of Rs 25,000 from the current wage limit of Rs 15,000 it aims to bring in a [...]