Business Glossary
Clear, concise definitions of key business terms in payroll, finance, HR, compliance, and outsourcing. Your reference guide from MYND's domain experts.
Showing 8 terms starting with "N"
Clear filterNational Pension System (NPS)
Introduction to the National Pension System (NPS) The National Pension System (NPS) is a voluntary, long-term retirement savings scheme designed to enable systematic savings during a subscriber's work...
View definitionNet Salary
Net Salary Net salary , also known as take-home pay or net income, refers to the amount of money an employee receives after all deductions have been made from their gross salary .
View definitionNFRA (National Financial Reporting Authority)
National Financial Reporting Authority (NFRA) The National Financial Reporting Authority (NFRA) is an independent regulatory body established in India under the Companies Act, 2013.
View definitionNominee Details Management
Nominee Details Management is a critical Human Resources (HR) and compliance process that involves the systematic collection, verification, secure storage, and continual updating of information regard...
View definitionNotice Pay Recovery
Notice Pay Recovery Notice pay recovery , often referred to as notice pay adjustment or recovery of notice period pay , is an HR and payroll practice where an employer seeks to reclaim or offset...
View definitionNotice Period
Notice Period In the context of human resources and employment law, a notice period refers to the length of time an employee is required to continue working for an employer after they have given...
View definitionNotice under Section 143(1)
Notice Under Section 143(1) of the Income-tax Act, 1961 A Notice under Section 143(1) of the Income-tax Act, 1961 (India) is a preliminary intimation issued by the Income-tax Department to a taxpayer...
View definitionNotice under Section 148
Notice Under Section 148: Unveiling Tax Reassessment Procedures A Notice under Section 148 of the Income Tax Act, 1961 (India) is a formal communication issued by the Indian Income Tax Department to...
View definition