Payroll Software Bangalore

Payroll software Bangalore is a product of Prodigy Technologies, a software development company in Pune. Payroll software is built on latest dot net technologies. Payroll software is developed to make payroll processing fast and simple. Now payroll processing can be done in single click on our payroll software, just provide input to our payroll software

Payroll software

Payroll software bangalore comes in Desktop payroll software and Epayroll or Online payroll software. Desktop payroll software is off line solution where you can work on single location. Online payroll software or Epayroll is a web based payroll software that you can use anywhere and any time.

One of the best things about this payroll software is that it helps to reduce manual work. You do not have to type out the leave details of each employee; rather the payroll software can be connected with the attendance punching machine from where such data could be easily transferred. Also, other details like tax deductions, bonuses, etc., can also be calculated automatically with the help of this software. Online Payroll software can be operated both by the employer and the employee, as it comes with two user modes such as admin portal and employee portal. While the employer can process the salaries online, the employees can check out their salary details through the same mode.

What is Income Tax ?Income Tax Income Tax

March 25, 2016 at 10 : 09 AM

Income tax is the annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). In addition to financing a government's operations, progressive income taxation is designed to distribute wealth more evenly in a population, and to serve as automatic fiscal stabilizer to cushion the effects of economic cycles. Its two basic types are
1. Personal income tax, levied on incomes of individuals, households, partnerships, and sole-proprietorships
2. Corporation income tax, levied on profits (net earnings) of incorporated firms.

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LWFLWF LWF

March 23, 2016 at 06 : 17 PM

Labour welfare refers to all the facilities provided to labour in order to improve their working conditions, provide social security and raise their standard of living. Majority of labour force in India is working in unorganized sector. In order to provide social security to such workers, Government has introduced Labour Welfare Fund to ensure assistance to unorganized labours.
The contribution to LWF fund by the employee is Rs. 6 for salary upto Rs. 3000 and Rs. 12 for salary above Rs. 3000. Employer contribution is double than that of the employee. LWF is not applicable to those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month. LWF is to be deposited in the month of June and December only.
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