Category Archives for Taxation

HRA exemption calculation guide for salaried employees and HR teams in India

HRA Exemption Calculation

HRA Exemption: Formula, Calculation, Metro City Rules, and Everything HR Teams Need to Know If you are a salaried employee, House Rent Allowance is very likely one of the largest components in your salary slip.…
Professional Tax Slab-2026-27 State wise

Professional Tax Slab 2026-27: State-Wise Rates, Calculation and Compliance Guide for HR Teams

When Rohan joined a Bengaluru-based startup as their first HR hire, one of his earliest payroll runs had a problem. He had correctly computed basic pay, HRA, and PF. He had missed professional tax entirely.…
form 16 meaning tds certificate showing salary income and tax deduction details

Form 16: Meaning, Format, Part A & Part B Explained with Sample

Form 16 Meaning and Purpose in Income Tax Form 16 meaning refers to a certificate issued by employers that shows how much TDS on salary was deducted and deposited with the government during a financial…
Form 24Q salary TDS return filing dashboard showing payroll data and tax deduction details in India

Form 24Q: Meaning, Salary TDS Return, Due Dates and Filing Process

What Is Form 24Q In TDS? Meaning, Purpose And Who Must File It Form 24Q is a quarterly TDS return filed by employers to report tax deducted from employee salaries under Section 192 of the…

Demystifying Payroll Tax: What You Need to Know

Introduction Payroll tax is a fundamental aspect of every working individual’s financial life. It’s a crucial source of revenue for governments, as it funds various public services and social programs. In this blog, we’ll demystify…
Union Budget 2025 - Key highlights

Union Budget 2025: Key Tax, Payroll & MSME Reforms You Need to Know

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduces key reforms in taxation, payroll compliance, and MSME support. As India’s trusted payroll and HR tech provider, we at Kredily are dedicated to helping…
payroll-deductions-a-complete-guide-featured-image

Payroll Deductions: A Reference Manual for Employers and Employees in India

Payroll Deductions in India: An Introduction Indian employers and workers equally view payroll taxes as one of the critical managers of financial affairs. The contribution of the payroll tax deductions forms an important aspect of…