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OceanHR is India's premier cloud HRMS and payroll automation platform designed to simplify employee lifecycle operations from hire to retire.

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+91 85285 98798

sales@oceaninfotech.co.in

Office no - 104, Alpha One Complex, 150 Feet Ring Rd, nr. Ambedakar Chowk, Ambedkar Nagar, Samrat Industrial Area, Rajkot, Gujarat 360004

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HR ENCYCLOPEDIA

Complete HR, Payroll & Statutory Tax Glossary

Quick, jargon-free explanations for every human resource acronym, payroll component, income tax exemption, and labor law clause.

PF ECR (Electronic Challan cum Return)

Monthly electronic return filed by employers containing employee-wise PF wage details and contribution splits.

Cost to Company (CTC) vs In-Hand Salary

Detailed distinction between gross pay, employer statutory components, perks, and take-home salary.

Loss of Pay (LOP / LWP)

Salary deduction applied when an employee has unpaid absences or exhausts all accrued leave quotas.

Application Tracking System (ATS)

Software application that streamlines end-to-end recruitment by collecting, screening, and tracking job applicants.

OKRs (Objectives and Key Results)

Goal-setting framework that defines clear quantitative benchmarks used to align team focus and measure execution.

Form 16 & Form 12BB

Annual income tax certificate issued by employers showing total salary paid and TDS deducted under Section 203.

Looking to Automate Document Issuance with Zero Manual Effort?

OceanHR generates offer letters, confirmation notices, payslips, and Form 16 in 1-click directly from employee database profiles.