The employer and employed both have responsibilities under the National Pensions Act, 2008 Act 766. If an employer does not comply with the Act, he can incur penalties and suffer a loss of reputation. Employer’s obligation Register with both SSNIT and a fund manager of his choice. Ensure all their employees registered with SSNIT. Deduct and […]
Author Archives: Penelope Haizel
25
Apr
Apr
“How is tax on bonuses computed?” is a frequently asked question. This article discusses how we treat bonus taxes in a payroll computation. What is a Bonus? Bonus is an incentive pay given on top of the employee’s usual compensation (basic salary). Types of Bonus In our work as an outsourced payroll service provider, we […]
23
Nov
Nov
What is a SSNIT Clearance Certificate? A SSNIT Clearance Certificate (SCC) confirms you met your all SSNIT obligations on the date of issue. The Social Security and National Insurance Trust (SSNIT) issues these certificates. When do you need a SSNIT Clearance Certificate? ● To bid for contracts from the ministries, departments, agencies and other government […]
