Author: Jesna John K

The government, through EPF regulations, aims to provide employees with an emergency fund which can cater to their retirement and other exigencies. EPF is managed by the Employees’ Provident Fund Organization (EPFO). EPF compliance entails regular filing of EPF returns. The due date to file EPF return is 15th of the subsequent month. The return… Continue reading Procedure to file EPF Return Online

To process payroll using Zoho Payroll, you can follow these general steps: Set up your company and employee information: Create a Zoho Payroll account and log in. Enter your company details, such as company name, address, and tax information. Add employee details, including their personal information, salary, tax information, and any deductions or allowances. Configure… Continue reading Zoho Payroll

Financial services refer to a wide range of economic activities that involve managing money and providing various financial products and services to individuals, businesses, and governments. These services are typically offered by banks, credit unions, insurance companies, investment firms, and other financial institutions. Here are some common types of financial services: 1.Banking Services: Banks offer… Continue reading Financial Services

There are several strategic planning tools that organizations can use to analyze their current situation, set goals, and develop action plans. Here are some commonly used strategic planning tools: SWOT Analysis: As mentioned earlier, SWOT analysis helps identify internal strengths and weaknesses, as well as external opportunities and threats. PESTEL Analysis: This tool evaluates the… Continue reading Strategic Planning Tools

The Automated Clearing House (ACH) is an electronic payment network used for processing various types of financial transactions in the United States. It is a system that enables the secure transfer of funds between banks and other financial institutions. The primary function of the ACH is to facilitate batch processing of transactions, which include direct… Continue reading Automated Clearing House (ACH)

Personal finance refers to the management of an individual’s financial resources, such as income, expenses, savings, investments, and debt. It involves making informed decisions to achieve financial goals, maintain financial stability, and secure one’s financial future. Here are some key aspects of personal finance: Budgeting: Creating a budget is fundamental to personal finance. It involves… Continue reading Personal Finance

Financial planning and investment strategies are crucial for managing your money, achieving your financial goals, and building wealth over time. Here are some key concepts and strategies to consider: Set Clear Financial Goals: Start by defining your short-term and long-term financial goals. Whether it’s saving for retirement, buying a home, or starting a business, having… Continue reading Financial Planning and Investment Strategies

What is Surcharge? Surcharge is an additional charge levied for persons earning Income above the specified limits, it  is charged on the amount of income tax calculated as per applicable rates.    10% – Taxable Income above ₹ 50 lakh – up to ₹ 1 crore.    15% – Taxable Income above ₹ 1 crore – up… Continue reading Surcharge, Marginal Relief and Health & Education Cess 

The income tax system in India based on the Income Tax Act,1961. Individuals are required to file an income tax return (ITR) annually, declaring their income from various sources like salary, business or profession, capital gain and other sources and applicable deductions or credits. Failure to file taxes result in penalties and legal consequences. It is important… Continue reading Income Tax Slab -New Regime