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APS Payroll, also known as Automatic Payroll Systems, is an American company that provides cloud-based payroll and human resources software for mid-sized businesses. The company was founded in 1996 as a licensed DOS-based software to process payroll locally.
Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, [2] or the company's department that deals with compensation.
Payroll Giving, Workplace Giving or Give As You Earn (GAYE) is a scheme for UK taxpayers to donate money to UK Registered Charities.. Introduced in 1987, Payroll Giving allows employees to make donations to the UK registered charity of their choice directly from their gross pay, with no tax deduction for the charity to claim back.
In connection with these systems, the country typically requires employers or employees to make compulsory payments. [13] These payments are often computed by reference to wages or earnings from self-employment. Tax rates are generally fixed, but a different rate may be imposed on employers than on employees. [14]
The current EOBI Contribution is Rs. 1,920 per month for every employee, out of which Rs. 1600 is contributed by the employer while Rs. 320 is contributed by the employee. In addition to the contribution from employers, employees and government, EOBI invests in profitable projects to generate income for providing pension.
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