New Delhi, June 30 -- Have you ever wondered how your salary reaches your bank account on a fixed day each month after all the calculations and deductions? Ensuring that the funds hit your bank account on the same day each month, especially in India where there are myriad national and local payroll taxes, can be a complex process.

In fact, if you are an employer in India, the responsibility of calculating, withholding and submitting various payroll taxes from every employee's pay slip is yours. For some of these, you also need to make your own contributions as an employer.

This makes understanding all the intricacies of the laws and rules essential - it is not just about being on the right side of the law. It is about safeguarding your ...