Technology in the form of modern HR System is essential for any size of Organization now. In order to keep your HR System function relevant and valuable; everything starting from Payroll, HRIS, Time Tracking, Leave management, Claim & Reimbursement, Loans & Advance, Employee Self Service, Performance and more to Training should be synchronized. This is…
Automated employees leave management system robotize manual HR professionals duty, to free HR staff from performing these core human resources activities. This system offers many features including time-off email, notifications email, time off approval, time off balance records, availability of employee, and up to date information that will help enhance the overview of the organization.…
Finally the GST Constitution Amendment bill sailed through the Rajya Sabha with a thumbing majority of 197-0. It’s to clinch the deal for the HR System. Get ready with the splendid HR Software (HR Mangtaa) before the law comes into effect. To unify with GST means IT vendors need to create new software versions based…
Processing payroll is not as simple or as easy as it sounds. The complication of keeping accurate records of hours worked, computing wages, and ensuring that you pay overtime correctly is a time-consuming task. Including factors like medical benefits, time off and retirement funds arrangements may require even small businesses to invest many hours on…
It was not so long ago that the administration of hiring, compensation, and benefits was the center of a human resources framework. With the growing need for companies to create a positive experience for employees to retain the better performers, human resources have to fully integrate with HR Software. HR is now focused on creating…
EPFO has introduced the ECR 2.0 for online collection of remittances through multi-banking. After introduction of the Unified Portal system for remittance of contributions, real time monitoring of the remittance position of the establishments has become a reality. The salient features and sequence of action are as follows – An SMS alert shall be sent…
The Ministry of Labour introduced two new schemes for labour welfare ‘One IP-Two Dispensaries’ and ‘Aadhaar-Based Online Claim Submission’ on International Labour Day (1st May 2017). Aadhaar – Based Online Claim Submission scheme: EPF Members who have activated their UAN and seeded their KYC (Aadhaar) with EPFO will now under this scheme be…
Earlier, advance withdrawal of PF balance could be made under Para 68J (Advance for Illness) and Para 68N (Advance for Handicap Support Equipment) Only after providing a certificate from a physician with employer approval. There was no other documents or information required. Under the EPF (Fifth Amendment) Scheme, 2017, Para 68J (Advance for Illness) and…
The deadline for employers to provide Form 16 to their employees for the year 2016-17 has been extended to June 15, 2017. Previously, As per Rule 31 of the Income Tax Act, the due date for Form 16 (Certificate for TDS deduction on salary) was 31st May 2017. Form 16 is an important document for…
The EPFO announces the interest rate for Employee and Employer Provident Fund (EPF) contribution for the financial year 2017-18.
The EPF interest rate changed from 8.80% (fiscal year 2016-17) to 8.65% (current year). During this fiscal year (2017-2018), EPFO subscribers will get a marginally lower return than they have in the past few years.
