If you work in India, you've likely heard of the Employees Provident Fund (EPF), but you might not fully understand what it is or how it works. Whether you're an employee or employer, understanding the EPF is important because it’s a key part of India's social security system.In this guide, we’ll break it down in simple terms, so you can understand how it works, why it … [Read more...] about A Beginner’s Guide to the Employees Provident Fund (EPF): Everything You Need to Know
Tax deductions on contribution to employee provident fund – EPF
Employee contribution to EPF account for the previous year can be claimed as tax deduction under section 80C up to the maximum limit of Rs 1,50,000.Please note, employer's contribution and interest credited to the EPF (i.e interest on both employee and employer contribution) is not allowed as tax deduction under section 80C.For instance, if you have contributed Rs … [Read more...] about Tax deductions on contribution to employee provident fund – EPF
Simplified Overview of Articles of Association: Rules for Running a Company
The Articles of Association (AOA) are the internal rules that guide how a company operates. These rules are required by the Companies Act 2013 and can either be the original set of rules or changes made over time.For private companies, the Articles can be customized to fit specific needs, as long as they comply with the law.Relationship Between Articles of Association … [Read more...] about Simplified Overview of Articles of Association: Rules for Running a Company
Memorandum of Association Meaning, Importance, and Clauses Explained for Beginners
When people decide to start a company in India, they do not just start doing business immediately. There is a proper legal process to follow. One of the first and most important steps is registering the company with the Registrar of Companies (RoC).For this registration, a few documents are compulsory. One key document among them is the Memorandum of Association, commonly … [Read more...] about Memorandum of Association Meaning, Importance, and Clauses Explained for Beginners
10 things you must do before applying for company registration
Company registration can become easy if you plan certain things right. To let you know what are the things you should plan before incorporation, we have written below article. Go through it and let us know how it helps you.Before you start the process of company registration, we suggest you to arrange following things to speed up the process.Select the type of company … [Read more...] about 10 things you must do before applying for company registration