SGC Blog – Payroll and Compliance
The official blog of SGC Services Private Limited – Global Payroll Solutions
The Transformative Impact of AI on Payroll Processing and Calculation: Shaping a New Era for Payroll Professionals and Human Resource Departments. In recent years, Artificial Intelligence (AI) has been transforming various industries, and the field of payroll processing and calculation is no exception. AI-powered technologies are paving the way for a more efficient, accurate, and […]
The Ministry of Labour and Employment, Government of India, has recently announced a significant decision that will impact millions of employees across the country. According to a circular issued by the ministry, the Central Government has approved the crediting of interest at 8.15 percent for the year 2022-23 to the account of each member of […]
The Minimum wages in Kerala (CPI Index) has been revised with effect from May’2023. The amended rates for all the categories are as below:- KERALA Shops and Commercial Establishments Minimum Wages Rates for Cochin w.e.f 1st Dec ‘2016 S.NO CLASS OF EMPLOYMENT Monthly BASIC DA (w.e.f May’2023) TOTAL Special Grade 1 Manager 9330 3952 13282 […]
How to Find the Best Payroll Outsourcing Company: Spotlight on SGC Services Outsourcing payroll functions has become a popular choice for businesses seeking to streamline their operations, enhance efficiency, and focus on core competencies. However, choosing the right payroll outsourcing company is a crucial decision that can significantly impact your business’s success. One company that […]
We have some significant news to share regarding the minimum wages in Himachal Pradesh. As of 01st April 2023, the minimum wages for various categories have been revised, and we want to keep you informed about the latest rates. Revised Minimum Wage Rates: HP SHOPS AND COMMERCIAL ESTABLISHMENTS Rates w.e.f 01/04/2023 S.NO Category Per Day […]
Accurate payroll processing is of paramount importance for any organization, ensuring that employees are paid correctly and on time. However, managing payroll can be a complex task, requiring a comprehensive understanding of tax regulations, deductions, and compliance issues. This article explores the significance of accurate payroll processing and sheds light on SGC Services, a renowned […]
The Minimum wages in Mizoram has been revised with effect 01st April 2023. The amended rates for all the categories are as below:- MIZORAM MINIMUM WAGES RATES W.E.F 01.04.2023 SCHEDULED EMPLOYMENT CATEGORY OF WORKERS MINIMUM RATE OF WAGES PER DAY CASUAL/MUSTER ROLL EMPLOYEES UNSKILLED Rs. 420/- SEMI SKILLED Rs. 460/- SKILLED-II Rs. 570/- SKILLED-I Rs. […]
The Minimum wages in Tripura has been revised with effect 01st April 2023. The amended rates for all the categories are as below:- TRIPURA Minimum Wages Rates for Shops and Establishment Effective for the period From 01/04/2023 Sl.No. Category of workers Minimum basic wages (per month Present VDA Total minimum rate of wages (3+4) 1 […]
AI’s Impact on Payroll Processing The Impact of AI on Payroll Outsourcing and Instant Payroll Processing Payroll processing is an essential aspect of any business, ensuring accurate and timely payment to employees while adhering to various statutory regulations. In India, managing payroll can be a complex task due to the country’s unique taxation and social […]