Fitment Factor in 8th Pay Commission: The government uses something called the fitment factor to decide how much its ...

Numerous employees get confused about why the money they take home is less than the gross pay they see on their salary slip. You can find out why there is a gap between the two and how to calculate ...

8th Pay Commission: Government employees are expected to see a major salary hike once the 8th Pay Commission is implemented. For government teachers, too, the new pay structure will bring a huge ...

The first step in calculating annual leave pay is determining the daily rate of pay. To find this, take the employee’s ...

Are you about to complete 10 years of continuous service in your organisation? Let's calculate how much gratuity you may get ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

Gratuity for government employees is tax-free; however, it is taxable for private employees if the amount is more than Rs 20 ...

Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees. Bonuses can be an excellent tool to incentivize and ...

As the new year begins, federal employees may be wondering how much extra money they’ll see in their paychecks. President Biden made official a 4.6% average pay raise for civilian federal employees.

One of the key elements under consideration is the fitment factor, a crucial metric that determines the revised pay for ...