The Union Budget 2025-2026 introduced significant changes to Indias tax structure, impacting payroll management for both employers and employees. Understanding these updates is crucial for accurate salary processing and compliance.
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Managing payroll in India can be complex, with multiple statutory compliances, tax deductions, and employee benefits. Whether you're an employer, HR professional, or employee, understanding India’s payroll system is crucial for smooth salary processing and compliance.
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The Employees Provident Fund Organisation (EPFO) has introduced new guidelines that allow employees to withdraw their Provident Fund (PF) balances without requiring employer approval. This change simplifies the withdrawal process, enabling members to access their funds more conveniently.
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