Top Payroll Processing Companies in Bangalore

  Payroll is an important aspect of any business. Managing your payroll the right way ensures to increase employee retention and engagement. While most businesses have an in-house payroll management team, certain organizations prefer to outsource payroll services for a better payroll management system. There are many  payroll processing companies in Bangalore   that execute vital payroll functions starting from payroll calculations to deposits and much more.  If you run a small business, you need to distribute your time cautiously so that you can grow your business well without compromising on other functions. Hiring a payroll management firm can save you from loads of troubles and leave you with a lot of time and energy in your hands which you can utilize for taking care of highly crucial affairs. Today’s blog will talk about how outsourcing payroll services can prove super advantageous for your business. Here are some pointers that signify the importance of profes...

  Three things that are difficult to understand,   TAX TAX TAX Yes, taxes are by far the most complicated things to understand after thermodynamics, stoichiometry, and James Joyce's Ulysses. When something is a complicated process, it needs professional supervision. In the case of taxes, worthy professional assistance is provided by Tax Consultants or Chartered Accountants. As business owners deal with a lot of things every day, hiring a chartered accountant agency becomes a sheer necessity. There are many  chartered accountant firms in Bangalore   which offer tax audit services, GST registration, and obviously, tax consultation.  In today’s section, you will learn about the 6 perks of hiring a Tax Consultant for your business venture. Keep reading further to get more information on the subject.    Effective Tax Management  An experienced Tax Consultant takes care of the taxes like the pro he or she is so that the businesses can maximize their pr...

  Introduction TDS has a simple full form – Tax Deducted at Source. This tax was introduced in 1961 by the Income Tax Department of India to collect taxes from the very source of income generation so that there is a lower chance of tax evasion or fraud and more convenience to the taxpayers as they do not have to pay an extravagant amount at the end of the year. As per the Indian Income Tax Act of 1961, income tax has to be deducted at the source of income, dividends, and sale of assets. The employer or deductor who is making the payment is liable to deduct the tax amount (as applicable) and deposit the same amount to the government in the deductee's name during the particular financial year. In this blog, one of the  top accounting firms in Bangalore   will tell you what TDS is all about in the simplest way possible. Keep reading further for more knowledge on the subject.  TDS Rates for various types of payments Nature of Payment Made Section TDS Rate (%) as applica...