HRA calculation helps salaried employees understand how much of their House Rent Allowance (HRA) may be exempt from income tax. For employees living in rented accommodation, this exemption can reduce taxable salary and help them plan their finances more effectively. In India, HRA is an allowance that employers may include in an employee’s salary structure … Read more
ESI contribution is an important part of payroll processing in India. The Employees’ State Insurance (ESI) Scheme provides eligible employees with social security benefits, including medical care, sickness benefits, maternity benefits, and support in cases of employment-related injury or disability. The scheme is administered by the Employees’ State Insurance Corporation (ESIC). Under the scheme, both … Read more
Gratuity calculation helps employees understand the amount they may receive from their employer when they retire, resign, or leave an organization after meeting the applicable eligibility conditions. For employers, calculating gratuity accurately is an important part of payroll management, employee benefits administration, and statutory compliance. In India, gratuity is a statutory employment benefit governed by … Read more
Professional tax calculation is an important part of payroll processing in India. Employers must determine whether professional tax applies to an employee, identify the relevant state-specific salary slab, calculate the applicable deduction, and ensure that the amount is recorded correctly in payroll. Professional tax is a state-level tax imposed on professions, trades, callings, and employment. … Read more
A payroll journal entry is an accounting record used to document employee salaries, wages, bonuses, payroll deductions, employer contributions, and other payroll-related expenses. It helps businesses maintain accurate financial records, track salary liabilities, and ensure that payroll transactions are correctly reflected in the books of accounts. Every time a business processes payroll, it must account … Read more
A CTC to in-hand salary calculator helps employees estimate how much salary they will receive in their bank account after accounting for employee contributions, income tax, and other applicable deductions. It is particularly useful when evaluating job offers, negotiating compensation, or comparing salary packages between employers. In India, Cost to Company (CTC) includes the overall … Read more
Provident Fund (PF) calculation on salary is the process of determining the amount contributed by an employee and employer toward an employee’s retirement savings under the Employees’ Provident Fund (EPF) system. In India, PF contributions are generally calculated as a percentage of eligible PF wages, which may include basic wages, dearness allowance, and other components … Read more
Salary structure in India refers to the way an employee’s total compensation is divided into different components, such as basic salary, House Rent Allowance (HRA), special allowance, employer contributions, and other benefits. It explains how an employee’s Cost to Company (CTC) is allocated and how gross salary and take-home salary are calculated. A well-designed salary … Read more
Payroll deductions calculation is the process of determining the amounts deducted from an employee’s gross salary to arrive at their net or take-home salary. These deductions may include statutory contributions, income tax, insurance premiums, and other authorized deductions, depending on the employee’s salary structure and applicable laws. Accurate payroll deductions calculation is essential for employers … Read more
Payroll is one of the most important and time-sensitive HR processes, yet many organizations still rely on spreadsheets, manual calculations, and repetitive data entry. These practices can increase the risk of payroll errors, delayed salary payments, compliance issues, and administrative workload. Payroll automation helps organizations streamline payroll workflows by connecting employee data, attendance, leave, salary … Read more
Checking your Provident Fund (PF) balance regularly helps you keep track of your retirement savings, employer contributions, employee contributions, and accumulated interest. Employees can perform an EPF balance check through several methods, including the EPFO Member Passbook portal, UMANG app, SMS, and missed-call services. Knowing how to check your PF balance also helps you identify … Read more
Section 80C deduction remains one of the most commonly used tax-saving provisions for individual taxpayers and Hindu Undivided Families (HUFs) under the old tax regime. It allows eligible taxpayers to claim deductions for specified investments and payments, including provident fund contributions, life insurance premiums, tuition fees, National Savings Certificates, and housing-loan principal repayment. The aggregate … Read more
Payroll is more than calculating salaries and transferring money to employees. It is a recurring business process involving attendance, leave, salary structures, deductions, statutory compliance, reimbursements, approvals, payslips, and financial records. A single error can affect employee trust as well as compliance and operational efficiency. Understanding the payroll process flowchart helps HR and finance teams … Read more
Businesses regularly engage professionals such as lawyers, chartered accountants, consultants, architects, doctors, engineers, and other specialists. Payments made for these services may attract TDS on professional fees, making it important for finance and HR teams to understand the applicable rate, threshold limit, deduction timing, and calculation method. Incorrect classification or delayed deduction can create compliance … Read more
Managing payroll is not simply about calculating employee salaries and transferring money on payday. It also involves recording compensation expenses, deductions, employer contributions, payroll liabilities, reimbursements, and statutory obligations accurately in the company’s books. This is where Payroll Accounting becomes essential. For HR and finance teams, a structured payroll accounting process ensures accurate financial reporting, … Read more
Qandle Start Your Free Trial
✕Trusted by Global Brands with 2,500+ Happy Clients
Achieving Awesomeness Recognized with an
