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Form 16 acts as a vital proof of income and tax deduction. For HR and payroll professionals, it’s more than just a certificate — it’s the culmination of an entire year’s payroll and tax compliance efforts. Let’s understand what Form 16 is, why it matters, and how payroll software simplifies its generation and accuracy.
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A Salary JV, or Salary Journal Voucher, is an accounting entry that records all salary-related transactions in the organization’s general ledger. It acts as the bridge between payroll processing and financial accounting — ensuring that every salary expense, deduction, and employer contribution is reflected correctly in the company’s books. In simple terms, once the salary is processed and paid, the Salary JV tells the finance system where the money came from and where it went.
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In the world of payroll and compliance, accuracy and timeliness are not just good practices — they’re legal requirements. One such crucial compliance element that every HR or payroll professional deals with monthly is the ECR file. Yet, many employees and even new HR practitioners are unclear about what it actually is, what it contains, and why it matters. This is where reliable payroll software plays a key role — helping organizations generate accurate ECR files.
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Ever noticed an unexpected credit in your salary slip labeled “Adhoc Payment”? You might have wondered — what exactly it is, and why was it paid? Let’s decode this payroll term that often hides behind special approvals and quick decisions.
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HRMS software ensures your business – irrespective of size and sector – runs smoothly on a daily basis. In India, where businesses range from bootstrapped startups to large enterprises, the demand for HRMS software has grown rapidly, which has led to the introduction of more HRMS software. In this blog, we will talk about 6 HRMS software that will help you streamline your HR and add value to your business.
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When people think of payroll, they usually imagine salary credits, deductions, and tax compliance — and the payroll software that handles those processes. But one area that often gets overlooked is employee loans. In my years as a compensation manager, I’ve seen how poorly managed loans can create employee dissatisfaction and compliance headaches. On the other hand, when handled well, loans can strengthen trust and act as a valued employee benefit.
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Pre-payroll preparation is highly important. As per our continuous surveys with payroll executives, companies can lose up to 7% of payroll costs to errors and noncompliance. One missed attendance entry. One incorrect tax code. One delayed statutory deposit. Small slips add up fast. And the domino effect results in checks, rechecks, and overburdening of payroll staff.
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Today, most businesses rely on payroll software that is responsible for automated salary calculations, compliances, and simplifying reporting. However, there are many payroll software in the market, each with their unique benefits. In this blog, we will explore the top 6 payroll software in India, so you can decide which one is right according to your business requirements
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One of the most common sources of confusion I come across as an HR Professional is around salary terms—gross salary, net salary, and CTC. Employees often ask, “Why is my take-home less than what was offered in the letter?” or “What’s the difference between gross salary and CTC?”
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One of the questions I often hear from employees during orientation sessions or casual HR catch-ups is, “What exactly is leave encashment?” For many, it feels like jargon, something complicated, or just another HR process hidden in policy documents. But in reality, it’s quite simple. Let me explain in plain language.
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