A CTC Calculator is an essential tool for employees and HR professionals to determine the exact breakdown of salary components, deductions, and take-home pay. Whether you are negotiating a job offer or planning your finances, understanding your Cost to Company (CTC) helps in making informed financial decisions. This easy-to-use calculator simplifies salary calculations by providing … Read more
Looking for a simple way to calculate your VPF contributions? Download our free VPF Calculator Excel for India to estimate tax savings, interest earned, and retirement benefits. Learn how VPF works, compare it with other savings, and make smart financial decisions. Want to boost your retirement savings? Learn how to use a VPF Calculator in … Read more
Good news for central government employees on the 8th Pay Commission salary hike. Learn about expected recommendations, timeline, economic impact, and how the hike will affect central and state government employees. Get insights into pay structures, allowances, and pension revisions for a better understanding. Introduction The Pay Commission system in India serves as the cornerstone … Read more
Easily calculate gratuity with an online calculator. Learn about gratuity policies, eligibility, and tax implications for better financial planning. Introduction Gratuity is one of the most valued benefits for employees in India. It is more than just a monetary reward; it’s a token of appreciation for years of dedicated service. Governed by the Payment of … Read more
Gratuity is a crucial component of employee benefits, providing financial support for individuals upon their retirement or after a prolonged period of service. For private employees in India, understanding gratuity eligibility and benefits is essential for effective financial planning. This guide offers detailed insights into gratuity rules, calculation methods, and the benefits available under the … Read more
Gratuity is an essential component of employee benefits in India, governed by the Payment of Gratuity Act, 1972. It serves as a financial reward for employees who dedicate years of service to a company. However, one critical question remains: Is gratuity taxable? Understanding its taxability is crucial for employees, especially during their retirement or job … Read more
Gratuity is an essential component of employee benefits in India, reflecting an employer’s gratitude for years of service. Among its key elements is the 15/26 formula, an integral part of the calculation. This article explores the meaning, significance, and application of 15/26 in gratuity calculation under gratuity rules, providing examples and insights into its implications. … Read more
Understand Provident Fund (PF) contributions and use the best PF calculator for salary in India. Plan your savings with our comprehensive 2024 guide! Provident Fund (PF) is an essential component of an employee’s financial well-being, ensuring security after retirement. Understanding how PF contributions work can help individuals plan their savings better. Here, we provide a … Read more
The Code on Social Security, 2020 is a landmark legislation introduced to reform and consolidate multiple labor laws in India under a unified framework. It aims to enhance social security for workers across organized and unorganized sectors. The code, part of the broader labor law reforms, has significant implications for employers, employees, and gig workers. … Read more
In India, the legal landscape around employee medical insurance is governed by several labor laws, most notably the Employees’ State Insurance Act, 1948 (ESI Act). However, the question arises—what happens if an employee is not covered under the Employees’ State Insurance Corporation (ESIC)? Does the employer have any obligation to provide medical insurance in such … Read more