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...
Compensatory Off – Meaning & Rules
Compensatory off or Comp off is a leave an employer grants to an employee who works on a holiday or for extra working hours beyond their...
Form 15H – A Tool for Retirees to Manage Tax Liabilities
Form 15H serves as a self-declaration indicating that an individual’s income is exempt from TDS on specific types of income. This...
What is Grievance? – Meaning & Definition
Every workplace has its own set of rules and expectations that employees are expected to follow. However, when these rules are violated or...
Knowledge Management – Guide, Types, Use Cases & More
In any organisation, the lack of easily accessible knowledge can prove costly, consuming valuable time that could otherwise be dedicated to...
Change Management – Definition, Types and Benefits
Changes are important for a business to succeed. As a company grows, changes will occur, such as new products, mergers, work processes, and...
How to Fill Form 15G for PF Withdrawal
Form 15G is a form that declares that an individual’s income is below the tax limit and helps in getting an exemption on TDS on certain...
Voluntary Provident Fund – Benefits, Tax Exemption, Interest Rate and Withdrawal Rules
The Voluntary Provident Fund (VPF) is an excellent option for employees wishing to save for retirement. It offers higher returns, tax...
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...
Business Account – Types, Benefits and How to Open One
A business account is a bank account designed explicitly for business owners to handle their cash flow. Business owners must comprehend the...
