Talentpro Payroll Executive Interview Questions and Answers

Investment declaration is a process where an employee declares their investments to their employer for tax purposes.

• It is a mandatory process for employees to declare their investments to their employer

• It helps in calculating the tax liability of the employee

• Investments such as life insurance, provident fund, mutual funds, etc. can be declared

• The declaration needs to be made at the beginning of the financial year

• The em...read more

Statutory compliance refers to the legal requirements that organizations must adhere to in order to operate within the law.

• It includes compliance with labor laws, tax laws, and other regulations

• Employers must ensure that they are paying the correct amount of taxes and providing benefits to employees as required by law

• Examples of statutory compliance include filing tax returns, maintaining accurate payroll records, and ...read more