What's New this November 2019 in Zoho Payroll - Indian Edition
Hello, users, We have rolled out new features and made some enhancements to Zoho Payroll in the past two months. Read on to know them in detail. Export termination payrolls If you have processed any termination payroll, you can now export it separately in CSV or XLS format. Also, you can view the termination payroll in the Payroll History and they are posted as separate journal entries in Zoho Books. Enable or disable ESS portal for employees in bulk You can now perform bulk operations like enabling
What's new in Zoho Payroll - Indian Edition
Hi! We have been making some changes to improve your Payroll experience. Here is a glimpse of the latest updates: Simplified employee data import We've now made it easier for you to import employee data into Zoho Payroll. The updated options allow you to add employee details, including basic, payment, and statutory details of your employees, as separate files. This will make the onboarding process simple and hassle-free when editing the existing data.
Payroll Updates from the Union Budget 2019
Dear customers, With the Union Budget 2019, the Government of India has introduced few changes pertaining to payroll. These changes are designed to reward the employees for their investments in housing and electric vehicles (EV). Let’s take a look at each of them. Tax deduction for affordable home buyers Previously, an individual who has taken a home loan can claim deduction for the interest portion of the EMI up to ₹2 lakh under Section 24. Now, the Government has provided an additional deduction
ESI rate has been reduced from 6.5% to 4%
Hello customers. The Government of India has decided to reduce the rate of ESI from 6.5% to 4% in which the employee's contribution has been reduced from 1.75% to 0.75% and the employer's contribution from 4.75% to 3.25%. ESI Contribution Old ESI Rate New ESI Rate (Effective from 1 July 2019) Employer's Contribution 4.75% 3.25% Employee's Contribution 1.75% 0.75% This new rate is coming into effect from July 1, 2019. That means, from 01 July 2019, employers and employees will pay a lower ESI
What's New in Zoho Payroll Indian Edition
Hello everyone! It's been three months since we released Zoho Payroll for India and we've been constantly enhancing our product based on your valuable feedback. Read on to know about all the latest changes we've made. ESI Included as a Part of Employees' CTC Employee State Insurance (ESI) has two components - employee's contribution and employer's contribution. You can now configure ESI in such a way that the employer's contribution is included in the Cost to Company (CTC) of your employees. To