Payroll Software Pune

Prodigy Technologies introduces Payroll software Pune, an intelligent way to calculate employee payroll in the company. We have several satisfied customers in and around Pune, who have been using this payroll software for several years. This payroll software Pune is an all-inclusive kit that makes the payroll process time saving

LWFLWF LWF

March 23, 2016 at 06 : 17 PM

Labour welfare refers to all the facilities provided to labour in order to improve their working conditions, provide social security and raise their standard of living. Majority of labour force in India is working in unorganized sector. In order to provide social security to such workers, Government has introduced Labour Welfare Fund to ensure assistance to unorganized labours.
The contribution to LWF fund by the employee is Rs. 6 for salary upto Rs. 3000 and Rs. 12 for salary above Rs. 3000. Employer contribution is double than that of the employee. LWF is not applicable to those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month. LWF is to be deposited in the month of June and December only.
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What is Income Tax ?Income Tax Income Tax

March 25, 2016 at 10 : 09 AM

Income tax is the annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). In addition to financing a government's operations, progressive income taxation is designed to distribute wealth more evenly in a population, and to serve as automatic fiscal stabilizer to cushion the effects of economic cycles. Its two basic types are
1. Personal income tax, levied on incomes of individuals, households, partnerships, and sole-proprietorships
2. Corporation income tax, levied on profits (net earnings) of incorporated firms.

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