TDS Deduction

TDS Deduction Every employer who is paying salary to employees has to deduct TDS under section 192 of the Income tax Act, 1961, if the salary is more than maximum amount exempt from tax. The employers also need to generate Form 24Q and Form 16 in time. Some of the salary components that impact TDS deduction are: HRA, Special allowance, Leave travel allowance, Children education allowance, Medical allowance, Investments. Statutory Compliances For ESI Fund And PF DeductionESI fund, maintained by ESIC is applicable to employees’ earning Rs 15,000 or less per month to provide the cash and medical benefits to them and their families. PF is a compulsory contributory fund for the future of employees after their retirement or for their dependents in case of their early death. Professional Taxes Professional tax or employment tax is a state-based tax. It is one of the statutory deductions from the gross income before computing the tax. Gratuity Gratuity is the amount given to employees by emp…

Tell Me About Yourself - Sample Answers for Freshers


How to start a career in HR after graduation?

Getting into HR career can be easy for people who have planned their education and work experience as per the qualification required for the Human Resource Management field. This means pursuing graduation in MBA in HR field and joining HR Internship Training at any organization as an assistant HR. However, if you haven’t done any of that and still want to become a professional HR, then one thing you can do is attend i4best HR Training Course in Kolkata who will provide you all the necessary guidance and expertise to perform job responsibilities of an HR. HR certifications are really necessary for an individual to successfully and easily enter into the Human Resource field as it offers them knowledge in all the important aspects of Human Resource functionalities which include recruitment and selection, employee development, organizational culture, statutory and legal requirements, corporate IR And Labour Law compliance, Performance Management System, employee retention, motivating wor…

How to Get Your First HR job

There’s really no time in your life like it. You’ve completed your formal education or training program and you’re ready to go forth into the world and secure your first fulltime permanent job. The difference is that this time, you’re not seeking summer, intern or co-op employment. You are looking to embark on a career. If you have your heart and sights set on a career in Human Resources (HR), there’s never been a more exciting time to “go for it.” The changing role of HR As a passionate and long-time practitioner in the field, I’ve seen HR go through many changes — one of the most positive of which is that the HR function is no longer perceived as an administrative, tactical and paper-pushing role. If your passion has led you to pursue a career in HR, here are some tips you might find helpful in landing that first HR job. 1 . Be open to exploring different HR areas. When starting your HR career, you might not know which HR area interests you the most or which area you have an aptitude…

The Best HR Career Paths – for Freshers/Experience Who want to Make Career in HR

With a one-person HR team, administrative duties often take priority over strategic initiatives, like employee experience, workforce planning, or company culture.
However, as companies grow, so too do opportunities for HR professionals to take on new responsibilities and contribute in meaningful ways. Specialized HR careers ensure that every stage of the employee lifecycle has a clear owner and a process—so nothing gets left in a blind spot.
Whatever HR job title you land on, you have a wide range of career paths to choose from. Where do you start? We’ve outlined five tracks to help you find your ideal future in HR.
1. The HR GeneralistFor the jack-of-all-trades and multi-tasker extraordinaire, HR Generalist roles may be the fit for you. The HR Generalist has a hand in all pieces of the HR machine, including benefits, onboarding, performance management, talent acquisition, and compliance. The HR Generalist plays a vital role in ensuring that everything runs without a hitch. While this …

Best way to answer “Tell me about yourself” question in an interview:

We all know that interviewers sometimes start the interview process with an open-end-question like – “Tell me about yourself”. Because it is an ice-breaking yet important question where candidates blurt out their entire life stories but wait what exactly the interviewers want to hear from you? Well, the interviewer wants information that is pertinent to the job you’re interviewing for. “How to nail tell me about yourself question”, let’s look into this in detail-  Avoid giving your mundane personal information- stay focused: Obviously, the recruiter doesn’t want your entire story, remember their sole focus is what you can do for their company. So give an outline of your relevant personal aspects of your background. And even put forward your key skills that would help you to add value if you were hired for your target job. Speak out with your Bonafides/credentials: Give away your level of pride you feel for the special credentials that you carry. Also, spot out the hardships you overc…

Career prospects and job opportunities in HR from i4best HR Training Institute

It’s good to see you searching for career options that I4BEST in HR Practical Trianing offer you. Absolutely, Practical Training from I4BEST in HR opens up a career ladder for you, because it is well-known fact that HR plays a vital role in organizational growth. Often, every I4BEST HR pass out graduate looks for a return on investment. Moreover, jobs in HR literally give you the power of controlling hundreds of employees (sometimes even thousands of employees). Exciting, isn’t it? So, Practical Training in HR from I4BEST opens the doors of your dream job. But wait, it is worth asking some questions to yourself before picking up your discipline. Does it give a good fit for you?What is the future scope of HR specializationWhat are the job opportunities and skills required to perform those jobs? There are a huge number of jobs in India, and off-course there is a great opportunity to work in abroad for HR professionals. Let’s look into the same, HR Generalist: First of all, Human Resourc…

Earned & Casual Leave in India

Numbers of leaves entitlement in a company depends upon state you are in. Every state has different leave entitlement and leave policies which should be seen before one defines leave policy of your company. Leave policy of a company cannot be less than that mentioned by the State’s shop and establishment act.
Generally all State Legislations has common provision for major matters. They provide at least seven holidays for national and other festivals. Republic day, Independence Day and Mahatma Gandhi’s birthday are compulsory holidays. Employer and Employees had given right to decide remaining national and festival holidays.
Similarly minimum seven days casual leave and 14 days sick leave is provided to employees. Earned leaves/ Privilege leaves : These are the leaves which are earned in the previous year and enjoyed in the preceding years. These are also known as privilege leave this can be carry forward for the quatum upto the total of three years and vary from state to state as per …

What is leave policy in IT company?

The Factories Act has provided annual/earned leave of 12 working days for all the workers who have worked at least 240 days in a year. However, the duration of earned/annual leave differs for the adult and young workers. An adult worker is entitled to one day of earned leave for every 20 days of service while a young worker (under the age of 15 years) is entitled to one day of earned leave for every 15 days of service. Thus, the annual leave duration is 15 working days and 20 working days for adult and young workers respectively.  Workers are paid their usual daily wage rates for the days of earned leave. A worker is paid his full daily wages during the term of annual leave. Daily wages are the average of his total full time earnings for the day on which he actually worked during the months immediately preceding his leave, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of advantage accruing through the concessional sale to the worker o…