Income Tax Exemption for the Financial Year 2018-19
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
“The hardest thing to understand in the world is the income tax.” – Albert Einstein Well, how can we not agree with Einstein for crying out loud! Income tax is not only a dreaded subject to deal with but tax planning can leave us feeling completely lost. Keeping finances and tax arrangements in order, keeping a track of a series of tax sections and subsections are daunting tasks and something you definitely cannot avoid. In the Budget 2018, we have seen various tax changes coming into effect from April 1, 2018. Changes that would most definitely have an impact on how m ..read more
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5 Questions You Must Ask Before Choosing a Payroll Provider
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
The use of traditional, inconvenient in-house payroll systems are on the decline, and for good reason – they’re repetitive, complicated and prone to human error. Switching to a payroll solution can reduce costs, minimize mistakes and free you up to focus on growing your business. But the decision to outsource payroll for most businesses is not a small commitment. It’s one of the most intimate tasks where the wrong choice can let down your employees and waste a significant investment of time and money. Payroll service providers have different technology, support and expertise that make some a b ..read more
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Benefits of Outsourcing Salary Management Services for Small Businesses
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
Irrespective of market volatility, small businesses always try to get lean by streamlining their business functions. They need to take a hard look at all the areas of the company to assess how changes can affect operations. Cost-cutting by improving efficiency, renegotiating contracts, reducing workspace are some of the parameters they keep looking at but one of the most important parameter is often overlooked. The question that small businesses need to often ask themselves is “Should I keep performing tasks in-house or outsource the functions that do not generate revenue or add value to core ..read more
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Know how outsourcing payroll in India will give your business the right edge
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
Much like sales, customer service, content marketing or brand building, Payroll is an integral part of your business. Payroll doesn’t only involve monthly allowances paid to your employees or bookkeeping, it’s like your company’s largest business expense. Payroll has to look into several intricate details such as new hires, terminations and benefit deductions to name a few. Payroll is also about how you reward and retain employees, compensating them for the work they & have done, collecting insurance premiums and tax withholdings from employee pay, etc. With so much calculation in hand, pr ..read more
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Business Culture in India & How DKM Online can help in Setting up a Business in India
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
“The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today, a true entrepreneur is a doer, not a dreamer.” –Nolan Bushnell, Entrepreneur India is your hub to be for a thriving business &; a new entrepreneur culture,a spirited economy and fashioning the best potential out of an enthusiastic workforce. It is counted as one of the most dynamically-progressive, factually predicted as the third-largest economy of the world in the yea ..read more
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Investment Declaration Documents and how you need to plan tax for AY 2017-18
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
“I like to pay taxes. With them, I buy civilization.” ―Oliver Wendell Holmes Jr. Investment declaration is an activity that is commenced in the beginning of the financial year. It is vital as it can result to higher & progressively increased in-hand salary. For this, you needn’t submit legitimate proofs by the end. Your investment can be wishfully less as well as more. Assessment year refers to the year following the financial year wherein simultaneously the income of the same is revised. It is hereby a period of about 12 months, technically commenced post April 1st of every year. It ..read more
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Payroll Processing in India : Allowances & Outsourcing
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
Employees who believe that management is concerned about them as a whole person – not just an employee – are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability. –  Anne M. Mulcah   Payroll processing is a concept that defines the execution and management of payroll data. Payroll data comprises of employee-related data that is utilized to keep methodical tracks of individualistic salaries, wages, allowances, bonuses, taxes etc. Payroll administration is theoretically an ambidextrous & elastic procedure ..read more
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Salary Management Services for Small Businesses
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”-  Vince Lombardi” Salary Management is a task of the organization that demands to be handled with utmost efficiency and methodical manner. This, however, differs as we move from one business type to another. In other words, distinctive businesses require distinctive amount of efforts to be invested, time to be dedicated and techniques to be adopts & so on. Small Business refers to an independently run and owne ..read more
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How can we save costs by Outsourced Services?
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it. – Alphonso Jackson Processes and services that focus on outsourcing encompass numerous aims, primarily that of increasing savings for the organization. But, what exactly is Outsourcing? An agreement that permits and commences the practice of contracting out of a specific business process to provide sheer support to another party is termed as outsourcing. In other words, it refers to relegating assets and employees amidst firms. It also refers to the ..read more
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Temporary Staffing Solutions for Companies Setting up a Business in India
DKM | Payroll Management | Salary | Statutory Compliances
by dkm
4y ago
“When hiring key employees, there are only two qualities to look for: judgment and taste. Almost everything else can be bought by the yard.”                                                                                                                                    ..read more
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