Can my employer access my salary account?

Salary Accounts can only be opened when an employer ties up with a bank. With this tie-up, the employer can transfer the monthly salaries in bulk in respective Salary Accounts of the employees.

Are companies allowed to ask salary history?

California’s ban prohibits private and public employers from seeking a candidate’s pay history. The law also requires employers to give applicants pay scale information if they request it.

Is salary account a personal account?

Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc. The golden rule for personal accounts is: debit the receiver and credit the giver.

Is it legal to request bank statements in India?

you can give them your Bank statement and show all entries in the saving account of salary. Don’t worry they can terminate you illegally like this. If they terminate you you can approach labour court for unlawful labour practice and illegal termination.

Is salary confidential by law in India?

In India, the Information Technology Act, 2000 (IT Act) requires employers to ensure the protection of employees’ personal data and information from unlawful disclosures. 5 crore (US$792,000) in compensation or go to a civil court if the employee is seeking more than Rs. 5 crore in compensation.

Can employer disclose salary information to other employees?

An employer may not prohibit an employee from disclosing his or her own wages, discussing the wages of others, inquiring about another employee’s wages, or aiding or encouraging any other employee to exercise rights under the Equal Pay Act.

Do you have the background needed to manage an Indian payroll?

There will be a need for in country human resources personnel who have the background needed to manage an Indian payroll and can fulfil all tax, withholding tax and payroll requirements. This approach carries significant cost and requires some knowledge of local employment and payroll regulations.

What are the essential components of salary structure in India?

In every payroll in India, the monthly salary and wages disbursement has many vital components structured together that make a salary package. These elements are essential for both employers and employees to calculate taxes, PF, ESI, benefits, LTA, etc. Elements of salary structure in India

Do foreign companies need to comply with tax laws in India?

The primary concerns for a foreign company that needs to comply with tax laws in India are: Individual income tax (IIT) for employees in India, social security costs, VAT, withholding tax, business tax and permanent establishment concerns. Here’s our most recent article on running payroll and taxes in India.

What is remote payroll in India?

A remote payroll in India is where a foreign company, i.e. a non-resident company, payrolls a resident employee in India. This applies to both local and foreign employees.