“What is a good HRMS?” What makes an HRMS good depends of what functions it performs, and keeping things simple, here are the 5 basic and most crucial functions that are necessary for smooth running of an organisation which an “Good” HRM System must perform: – Payroll Processing [...]
“HRMS is beneficial of course, but isn’t it costly?” Well, today we are about to bust this myth! You must’ve heard a lot about how HRMS is beneficial for your organisation’s performance but along with that, an HRM system is also more cost-effective if you look past the surface, [...]
What is an “End to End” HR Solution you might ask. An End to End HR Solution refers to an HR System which records and tracks the data of employees since the very beginning or onboarding or since they were hired. It keeps recording the data of the particular employee [...]
“Hire to Retire, Onboarding to Exit” you might have heard these phrases and thought what exactly do they mean and how do they affect your organisation and employees? Employee Life Cycle is the period for which an employee works at a particular organisation. It also includes the onboarding and [...]
It is the “Tax Season” as people call it! And as a responsible citizen and taxpayer, you need to know a bit about taxes and their importance. So that is exactly what we are going to discuss in this blog! \ To understand the types of taxes, first we [...]
IT Assets are often neglected as they fall in between the long term fixed assets and short term inventory in terms of durability. If looked at from a different perspective, IT Assets are the core of an organisation. Be it laptops, desktops or just anti-virus software, IT Assets need [...]
A payroll system is a software to automate the payroll process. These systems can be integrated with leave and attendance tracking systems and employee self-service portal and are used to keep track of employee’s working hours, calculate salaries, calculate taxes and deductions, print payslip, etc. Now, talking about an [...]
“Old Regime or New Regime? Which one should I choose?” Now that is the kind of panic we are going to tackle in this blog. After you are done reading this blog, you will know the differences between the two regimes and which one should you opt for to [...]
Form 26AS is a statement that provides details of any amount deducted as TDS or TCS from various sources of income of a taxpayer. It also reflects details of advance tax/self-assessment tax paid, and high-value transactions entered into by the taxpayer. Form 26AS is a statement that shows the below [...]
It is the tax paying season again. But this time, we ensure that you as an employee are aware about the Form 16 and how it affects you. Starting off, let us understand what exactly is Form 16 and how it aids you as a salaried employee. Form 16 [...]