Adjustments in Tax Charges 2020 -The President assented to The Tax Rules (Modification) Act, 2020, and this accustomed be gazetted on the twenty-seventh Apr 2020. This currently brings into impact the complete tax reduction measures aimed toward assuaging the results of the Covid-19 pandemic on individuals and companies. We spotlight the following changes in tax charges: …
What is meant by employment income? Employment income includes: Wages, salary, leave pay, payment in lieu of leave, overtime pay, fees, commission, gratuity, bonus, allowances entertainment, duty, utility, welfare, housing, medical, or any other allowances. What is employment income tax? Employment income’ means any earnings from an office or employment received in the tax year, including …
It is easy to make mistakes when processing payroll. In fact, many businesses do it every week. But some mistakes can be costly – literally costing businesses money. Here are the seven deadly sins of payroll processing… Failing to offer health insurance Offering health insurance is one of the most important things a company …
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