lwf deduction meaning in salary

LWF Deduction Meaning in Salary, and its Benefits and Importance

April 16th, 2024 by

The Labour Welfare Fund (LWF) is a vital contribution by both employees and employers to ensure the well-being and social security of workers in India. Enacted within the provisions of the Industrial Disputes Act of 1947, LWF has been implemented in 16 states across India (list mentioned below).   This deduction from salaries, orchestrated by state governments, fuels […]

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payroll system

What is a Payroll System? Why Do Companies Use This System?

April 3rd, 2024 by

If you’re struggling to manage your company’s payroll, you’re not alone. Managing employee compensation is a repetitive, mundane task. Keeping up with tax regulations while performing monthly administrative tasks can also be a headache. Additionally, manual payment processing can consume significant time and lead to inefficiencies and errors. But there is no need to worry! […]

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payroll deductions

What Are Payroll Deductions in India?

December 13th, 2023 by

In the complex financial and legal framework that makes up the world of work is Payroll Deductions. It stands as a crucial element that influences the financial well-being of workers and the regulatory compliance of companies. In this blog, we thoroughly clear various doubts What payroll deductions in India are, What the main categories of […]

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payroll software

NYGGS Payroll Software Features Designed Especially to Help Start-ups

September 28th, 2023 by

As a start-up founder, you’ve likely invested countless hours and resources into building your company, but payroll management is one critical aspect that continues to cause headaches. Fortunately, NYGGS offers a lifeline to start-up founders and payroll management teams by providing efficient and accurate Payroll Software. In this blog, we explore the key features, functions […]

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payroll software

A Review of NYGGS Payroll Software for Indian Businesses

June 2nd, 2023 by

When it comes to HR automation technology for businesses, most people think of Payroll Software. In today’s dynamically evolving business world, businesses constantly seek innovative ways to streamline their workflows. One area that takes up a lot of time and effort is payroll administration. In fact, traditional manual payroll methods are not only time-consuming but […]

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Payroll Software: A Comprehensive Guide

Payroll Software: A Comprehensive Guide

August 18th, 2022 by

If you are running a business with multiple employees, you must have heard the word ‘payroll’ thrown around a lot. And why not? After all, payroll is an essential process for any business as it entails compensating employees, one of the most essential resources,  timely for all their hard work. Even though the process sounds […]

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