FinTax24

Glossary

Terms Starting with "E"

10 terms found

E-way Bill

E-way Bill is the e-document you make on the GST portal before you move the goods. You need it when the value of the goods is more than ₹50,000.

GST & Indirect Tax

E-Way Bill

E-Way Bill is the online pass for goods worth over ₹50,000. You make it on the GST portal before the goods move. It covers goods that move across India.

GST & Indirect Tax

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortisation — a measure of operating profitability that strips out financing and non-cash items.

Accounting & Audit

EGM

An EGM is a meeting of owners other than the AGM. It is called for urgent or special work. You call it when a vote cannot wait for the next AGM.

Corporate Law

EMI

An EMI is the equated monthly instalment on a loan. You pay it on the same date each month. Part of it pays off the loan. The rest is the interest.

Banking & Finance

EPF

EPF is the retirement savings scheme for your staff. It runs under the EPF and MP Act of 1952. You and your employer each add a share every month.

HR, Payroll & Labour Law

EPFO

EPFO runs the provident fund and pension schemes for employees. Your employer and you both pay a share each month. It works under the EPF and MP Act of 1952.

HR, Payroll & Labour Law

ESI

ESI gives health cover and cash help to workers in India. It runs under the ESI Act, 1948. Your employer and you each pay a share of it each month.

HR, Payroll & Labour Law

ESIC

ESIC runs the Employees' State Insurance scheme. You get health care and cash benefits from it. Your employer and you both pay a share each month.

HR, Payroll & Labour Law

ESOP

Employee Stock Option Plan — a scheme allowing employees to purchase shares of the company at a pre-determined price within a specified period.

Corporate Law