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Tag: Salary Calculation
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Major Update for Central Government Employees: 7th Pay Commission Dearness Allowance Hike Announced
Central government employees and pensioners across India have a reason to cheer as a major update regarding the 7th Pay Commission Dearness Allowance (DA) hike has been officially confirmed. This revision is set to provide a significant boost to the monthly salaries and pensions of lakhs of employees, especially with the festive season around the…
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Payroll Management – Complete Guide
What is Payroll? Payroll refers to the process of calculating, managing, and distributing salaries/wages to employees of a company. It includes everything from employee compensation, tax deductions, bonus calculations, attendance tracking, and compliance with statutory laws. 🔍 Key Components of Payroll: Component Description Basic Salary Fixed amount paid to employees before any additions or deductions.…