Powerd By SAG INFOTECH
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Over time, labour laws are revised to safeguard workers, improve working conditions, and ensure fair pay. However, such updates can create challenges for businesses, as they must keep pace with compliance requirements. New rules on minimum wages, social security contributions, working hours, leave entitlements, and reporting obligations require accurate and timely implementation. For companies, compliance […]
It is important for businesses to manage payroll, but it can be time-consuming. The process involves calculating employee salaries, considering deductions, and ensuring compliance with legal requirements. Earlier, many small businesses used Microsoft Excel to manage payroll because it was flexible and cost-effective. A specialised payroll software can prove to be effective for the growing […]
Many companies in today’s business landscape are turning to automation to make their operations more streamlined, accurate, and compliant with regulations. The use of biometric attendance systems integrated with payroll software is one of the most significant developments in this area. Biometric attendance systems, with the use of unique physical traits like fingerprints or facial […]
Employee data protection in the current digital business world is among the most important responsibilities for any organisation. The Payroll department’s concerns with various crucial data, like salary details, PAN numbers, bank account information, tax records, attendance logs, and personal identification documents. Any violation or misuse of the same data can cause financial loss, legal […]
A Salary slip has its own significance, which shows the income of the employee, the taxes and other deductions related to it, and their take-home amount. As each company has its own method to compute salaries and benefits, the layout of a salary slip often needs to be tailored to meet its specific criteria. Here, […]
Managing payroll may seem like a simple monthly task, but even a small mistake can lead to serious penalties, compliance issues, and financial losses for a business. Startups and large enterprises should constantly steer towards changing tax laws, statutory requirements, and employee regulations. Accurate and timely payroll processing must be ensured for employee satisfaction and […]
Businesses need to manage their cash flow as it assures financial stability and supports growth. Among the major expenses of the company, one is payroll, which comprises the salaries of employees. If a company manages payroll manually, then it could be directed to mistakes and delays that can disrupt cash flow. Here, the payroll software […]
Automation and integration are the main drivers of organisational efficiency in today’s competitive business landscape. The integration of Payroll Software with HRMS (Human Resource Management Systems) and ERP (Enterprise Resource Planning) platforms is among the impactful technological advancements in this area. The same integration facilitates payroll management and assures data consistency, improves compliance, and enhances […]
In India, managing Provident Fund (PF) compliance is a significant chore. Deducting the right amounts from their employees’ salaries, keeping accurate records, and filing PF returns on time are important for every employer who is signed up under the Employees’ Provident Fund Act. Mistakes like entering incorrect employee information, miscalculating contributions, or forgetting deadlines may […]
