Labour Welfare Fund in India – Benefits, Rules & State Laws
The “Labour Welfare Fund” is a small deduction made from workers’ salaries to support them and their families. The LWF,...
The Ultimate Guide to Payroll Automation – Benefits, Strategies & Tools
Manoj, the HR manager, at a mid-sized company is hustling in making salary list in the last week of the month. And not only this, an HR...
What is On-Payroll and Off-Payroll? Meaning & Definition
Companies in today’s dynamic and evolving workforce are adapting to new employment models to maximize operations, increase...
What is Salary Certificate? Meaning & Format in Word & Pdf
A salary certificate is a formal document that confirms an individual’s employment and income. Usually, one doesn’t require this, but...
What is Cost to Company (CTC)? Meaning, Calculation, Examples
Cost to Company, or CTC, can be defined as the annual expenditure incurred by a company to pay an employee. This amount combines the salary...
Salary Slip – Format in Excel, Word, & Pdf (2025) – Download Now
The salary slip, also known as a payslip, serves as an official document outlining an employee’s earnings and deductions. Each month,...
What is a Severance Pay? Meaning, Purpose and Benefits
The term “severance pay” carries significant weight. But what exactly does it entail? Whether you’re an employee facing...
Variable Pay – Meaning, Types, Advantages and Disadvantages
Employers may offer variable pay to incentivise and recognise their employee’s job performance. It’s an extra payment that may be given...
What is Payroll Management? – Meaning, Process, Calculation
Payroll management is one of the most crucial business operations. Managing payroll is essential for any business, regardless of size or...
What is Dearness Allowance (DA)? – Meaning, Types, and Calculation
Dearness Allowance (DA) serves as a crucial cost-of-living adjustment provided by the government to public sector employees and pensioners....
