The Labour Welfare Fund (LWF) is a vital contribution by both employees and employers to ensure the well-being and social security of workers in India. Enacted within the provisions of the Industrial Disputes Act of 1947, LWF has been implemented in 16 states across India (list mentioned below). This deduction from salaries, orchestrated by state governments, fuels various […]
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Labour Welfare Fund: What is LWF Deduction in Salary & its Benefits
April 16th, 2024 by Aniket Chaudhary
Why Do Companies Use Payroll Systems? Types and Benefits
April 3rd, 2024 by Aniket ChaudharyIf you’re struggling to manage your company’s payroll, you’re not alone. Managing employee compensation is a repetitive, mundane task. Keeping up with tax regulations while performing monthly administrative tasks can also be a headache. Additionally, manual payment processing can consume significant time and lead to inefficiencies and errors. But there is no need to worry! […]
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Types of Payroll Deductions Taxes in India: PF, TDS and NPS
December 13th, 2023 by nyggs-teamIn the complex financial and legal framework that makes up the world of work is Payroll Deductions Tax. It stands as a crucial element that influences the financial well-being of workers and the regulatory compliance of companies. In this blog, we thoroughly clear various doubtsWhat payroll deductions taxes in India are,What the main categories of […]
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Top 5 Benefits of Payroll Management System in 2025?
September 28th, 2023 by nyggs-teamAs a start-up founder, you’ve likely invested countless hours and resources into building your company, but payroll management is one critical aspect that continues to cause headaches. Fortunately, NYGGS offers a lifeline to start-up founders and payroll management teams by providing efficient and accurate Payroll Software. In this blog, we explore the key features, functions […]
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NYGGS Payroll Software: Boost Accuracy & Save Time
June 2nd, 2023 by nyggs-teamWhen it comes to HR automation technology for businesses, most people think of Payroll Software. In today’s dynamically evolving business world, businesses constantly seek innovative ways to streamline their workflows. One area that takes up a lot of time and effort is payroll administration. In fact, traditional manual payroll methods are not only time-consuming but […]
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Top Payroll Software in India | HR & Salary Tools
August 18th, 2022 by nyggsBest HRMS and Payroll Software in India: If you are running a business with multiple employees, you must have heard the word ‘payroll’ thrown around a lot. And why not? After all, payroll is an essential process for any business as it entails compensating employees, one of the most essential resources, timely for all their […]
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